Expansion Consolidation Continuation?
My stance is to react not predict
But...
we had Asia expansion, London just swept Asia high, likely SSL next, London currently consolidating.
Just a possibility that NY sweeps some SSL and forms the continuation.
Obviously I nor any retail trader can predict the market so just let the market play out & react.
But...
we had Asia expansion, London just swept Asia high, likely SSL next, London currently consolidating.
Just a possibility that NY sweeps some SSL and forms the continuation.
Obviously I nor any retail trader can predict the market so just let the market play out & react.
Comentário:
these are usually reliable.. we'll see
Comentário:
how will NY midnight price react?
Comentário:
...if it gets there
Comentário:
UPDATE:
1st sell moved SL to +1% which got hit (the sweep was so tiny & only just tapped the BRP)
2nd sell produced a better sweep, moved SL to +2% after price hit NY midnight opening price & showed sweep of SSL.
1st image shows 1st sell 1% out & better sweep with 2nd trade entry
2nd image shows 2nd sell +2 out & marked sweeps
1st sell moved SL to +1% which got hit (the sweep was so tiny & only just tapped the BRP)
2nd sell produced a better sweep, moved SL to +2% after price hit NY midnight opening price & showed sweep of SSL.
1st image shows 1st sell 1% out & better sweep with 2nd trade entry
2nd image shows 2nd sell +2 out & marked sweeps
Comentário:
What I had anticipated Vs. What I reacted to
Anticipated a manipulation pullback to fill a balanced price range with the order block..
Reacted after seeing BSL sweep & the broken previous week low was tested (retail resistance), next was thinking draw on SSL/ inefficiencies, marked the order block as it had break of structure & inefficiency there.
NY 8:30am prices already pushed below NY midnight opening price & reacted > its likely price wouldn't go there again today but who am I to know, this was all theory..
And depending how todays daily candle closes, it would create a fractal swing low, which can sometimes be a hint that Daily timeframe will be seeking BSL.. reacting off the SSL taken it makes some sense there.
Anticipated a manipulation pullback to fill a balanced price range with the order block..
Reacted after seeing BSL sweep & the broken previous week low was tested (retail resistance), next was thinking draw on SSL/ inefficiencies, marked the order block as it had break of structure & inefficiency there.
NY 8:30am prices already pushed below NY midnight opening price & reacted > its likely price wouldn't go there again today but who am I to know, this was all theory..
And depending how todays daily candle closes, it would create a fractal swing low, which can sometimes be a hint that Daily timeframe will be seeking BSL.. reacting off the SSL taken it makes some sense there.
BPR that overlaps with SSL