Here's my setup on a weekly level. A few things that indicate a short would be a good trade to me. (A good trade means I am okay losing the trade because I have waited for my high probability setup to come)
1) we have a consolidation on a weekly level
2) price moved away from this level already indicating sellers at this level
3) price failed to break highs from the 5th &6th last week
4) equal lows below market formed on the 10th
1) we have a consolidation on a weekly level
2) price moved away from this level already indicating sellers at this level
3) price failed to break highs from the 5th &6th last week
4) equal lows below market formed on the 10th
Kommentera:
By consolidation I mean a 15min consolidation formed on my weekly level
Kommentera:
Trade still good! Ideally will hit during the Asian trading session tonight!
Kommentera:
In at 10720, stop to BE, euro looks weak Soni may get stopped out
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so I***