Hello traders.
After price broke structure (BOS), I wanted to see it retrace lower and it gave the retracement as the corrective structure in the channel highlighted. As soon as price broke out on the upside, I then wanted to see it pull back again into the last down candle before the up move for me to seek longs (shorts on foreign pairs)… I am currently short on AU, Gold, NU, EU and Nasdaq where my risk is split amongst them all so that I do not over expose myself into the market.
I would personally like to see the liquidity above taken out and then I am good. Whatever happens next is not my business. However, see that it is a Monday, we will see how the week goes.
Happy trading and take care.
After price broke structure (BOS), I wanted to see it retrace lower and it gave the retracement as the corrective structure in the channel highlighted. As soon as price broke out on the upside, I then wanted to see it pull back again into the last down candle before the up move for me to seek longs (shorts on foreign pairs)… I am currently short on AU, Gold, NU, EU and Nasdaq where my risk is split amongst them all so that I do not over expose myself into the market.
I would personally like to see the liquidity above taken out and then I am good. Whatever happens next is not my business. However, see that it is a Monday, we will see how the week goes.
Happy trading and take care.