CHART SAYS IT ALL. BLUE LINES REPRESENT YESTERDAY'S HIGH AND LOW. WAITING FOR LONDON OPEN TO SEE WHAT HAPPENS.
FORGOT TO POST THIS EARLIER. WAITED FOR PRICE TO TRADE ABOVE OR BELOW FRIDAY'S HIGH OR LOW. ONCE THAT HAPPENS, DRAW OUT MY FIBS AND WAIT FOR PRICE TO RETRACE BACK INTO MY OPTIMAL TRADE ENTRY WITH ANTICIPATION OF PRICE GOING HIGHER OR LOWER DEPENDING ON IF IT BREAKS THE HIGH OR BREAKS THE LOW. WHICHEVER ONE, AND REACT TO WHAT PRICE IS SHOWING ME ONCE NEW YORK OPEN HAPPENS.
Trade what you see. I see bears. Lets see how this plays out. Low risk trade.
Keep it simple. Wait for price to show you what it wants to do and react. Looking for buys above my zone with a break and retest with a bullish engulfing or double bottom to confirm bullish continuation. Looking for sells if price can hold this overall downtrend and confirm it with a double top or bearish engulfing pattern. Until then, I will wait.
Wait for the market to breakout and tell you what it wants to do, and then you react. Don't try predicting the markets moves. REACT to it.
WAIT FOR THE MARKET TO SHOW YOU WHAT IT WANTS TO DO AND REACT.
WAITING FOR PRICE ACTION TO TELL ME WHICH DIRECTION IT WANTS TO GO
Trade idea. Price is at weekly resistance, and also overbought on the daily timeframe
TRADE IDEA. MANAGE YOUR RISK ACCORDINGLY. RISK ONLY 1%-3% PER TRADE. PLAN YOUR TRADE AND TRADE YOUR PLAN ;)