seems to be working at time of writing, shall see
Updated
So we had the M formation yesterday.
Im anticipating that to be the High of the week but what do I know!
We swept Prev week low SSL, not convinced we've taken BSL,
But...the daily right now is presenting a hammer that Im sure a lot of retail are creaming over & this could be to induce more buying or it could just be a very prominent sweep of the low.
So reason for trade:
the way daily is looking like a bullish reversal candle and we still have a lot of hours in the day. London swept Asia, went on 1m timeframe presented a mss with a bpr.
If it doesn't work fine just wait for better BSL if it works then great.
Im not convinced we've taken enough BSL just yet though so we shall see.
Im anticipating that to be the High of the week but what do I know!
We swept Prev week low SSL, not convinced we've taken BSL,
But...the daily right now is presenting a hammer that Im sure a lot of retail are creaming over & this could be to induce more buying or it could just be a very prominent sweep of the low.
So reason for trade:
the way daily is looking like a bullish reversal candle and we still have a lot of hours in the day. London swept Asia, went on 1m timeframe presented a mss with a bpr.
If it doesn't work fine just wait for better BSL if it works then great.
Im not convinced we've taken enough BSL just yet though so we shall see.
Comment
Possible Daily profile ?Comment
will see how NY midnight reactsComment
will it break?Comment
DXY reached double volume imbalance Comment
Got greedy with first trade, moved stops to NY midnight open & NY 8:30am volume came back up so only 4.2% for that aahhh well.Now we have BSL sweep!
EQH BSL sweep. Daily profile seems more seek & destroy.
Blue channel represents the new forming retail price channel
Might hold might just cut early move stops to be & wait until tomorrow
Comment
Still in, BE didn't tap me out but...I will be closing this just before my spreads go from 0 to X amount of pips as it will likely hit me out at a loss when that happens!
regardless where I close I'm marking this as BE even if it gets 1%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.