So we had a clear W last week and feasted on the buys [see linked idea]
Technical in an uptrend move with the first V coming
With a tall Asian range which I'm not excited about, we could see a break to the upside and get an M at last week's high
The play will be to sell back into the Asian range (if we get an M at High of last week during London, else buy the W at the lows) ...expect a higher high so trade cautiously
Technical in an uptrend move with the first V coming
With a tall Asian range which I'm not excited about, we could see a break to the upside and get an M at last week's high
The play will be to sell back into the Asian range (if we get an M at High of last week during London, else buy the W at the lows) ...expect a higher high so trade cautiously
Note
So we came short of the early breakout targets and are trading at the lows of the asian range.We may get a break to the down side and if we do, the low of the week may be tested or stops hunted
If we get a clear W early enough in NY, I'll be in a long position
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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.