Mitigation
US30US30 nearing it's all time highs with mitigation and distribution areas being met. With the DXY also looking to be bearish in the next couple of days, could we see the all time high act as resistance in the market for a big fall? I'm watching very closely and licking my lips at the potential profit on this one.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
AUDCAD BUY LIMIT OPPORTUNITY: WAIT FOR THE BOUNCE!Smart Money tricked the retail traders once again. Market created even lows to induce buyers to take positions, then stopped them out. Beautiful. The stop hunt began with the extremely bearish candlestick that swept through the lows, then price rises....Hmm... Seems like Smart Money sold to buy cheaper. The green area where they placed the sell is what we are looking at. Looking for price to return to this area so that Smart Money can break even on their sell position and skew the market to the upside like intended. Let's pull the trigger on the BUY in this area before they break even and launch the price up.