As price rapidly drop at the end of the day I could easily spot the next movement price action would return to before going lower. Trade against it to the point if you wish or trade with it and add another position if you're still in my long swing trade with me. Entry will likely be around 1.18198 (allow room for broker) and it will trade back to the low it just created giving another 25-30 pip scalp or just keep holding until we reach TP3 (Which i just below the current low formed) Or until we reach the final take profit of the swing trade near 1.16800-1.16600. I'll probably leave a trailer on just to see if it can get lower since I've been holding my original trade at 1.8400 and 1.18550. And just adding icing's on top of the cake as we go. I don't expect this to hit in the Asian session, but more likely the London Session. Today's trade took two full days to form as I called the same trade that happened yesterday morning but it never developed until today. So who knows, it may slowly retrace all day tomorrow. But as far as my price action skills are concerned, another sell underway at 1.18198.
EURUSD
EURUSD
取消訂單:
EU and GU both have price action points that have a higher retracement points before trading lower. Since I see that in both of them I think this will still happen but at a later time.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
