Just thoughts, tracking my progress (:... I just seen a bearish orderblock that was associated with the fair value gap to the left of the bearish order block you can see the break of structure so then I seen the market structure and proceeded to use my fib retracement tool. Boom.
In theory using the fib retracement tool this is what I have in store.
It’s been a minute and I’m just trying to get back into the groove of things.
DAX has been playing but I believe this 4H is a scalp for the swingers. Hold until RSI touching top line or Mark your TP! I’m still learning and publishing as I go.
It is a beautiful morning for DAX and I, aiming for 3 TP but if she continues that’s even better!
I love Copper. Using the Fib tool you can see some market structure that gives up promising target points.
Called before second candle formed, I guess I'm moving too slow! Haha.
15m timeframe giving me a short. TP1 smashed before posting idea.
Using my MA - 4, and my RSI 3,4,6,14. Extra confirmation watching the news on dailyfx from US30 and Ger30 the buyers momentum will continue. Eventually they will burn out but when?
On the daily TF I have an analysis/hypothesis that DAX will shoot to the moon again. I need price to break through 15541.20 to enter for the kill. Patiently wait and y'all will be breaded up! *throws cash*
Here I see that the market has had it's 8:30 am candle. From there we will enter in for the scalping buy on the 15 minute timeframe. As I was marking up, TP1 hit. Let's see where we go from here.
I am seeing that there will be three target points for the market to touch. Using the fib tool, I was able to indicate where exactly it will go off of the last impulse.
Entry and TP are marked on the chart. There are five targets to the downside. I have noticed that there was a crab pattern on the higher time frame. Please comment below.