I'm still bearish but of course retracements to the upside are normal in the market's quest for liquidity. I have marked the points that I am waiting for reactions with path tools. There is a high impact data release for GBP late this morning which could affect the Euro and some USD news early in the NY session to be aware of. Wishing you all a good trading day
Komen:
So the M15 has confirmed a new leg. Price will probably break out of the top of this leg to get the liquidity needed for more downside. There is no inducement currently so I have marked the 'would-be' CHoCH point as a fake -
Komen:
So the fake CHoCH was taken before an inducement was printed which means we lost our LH and BoS. We are now back to the previous leg with a new LL
Komen:
This is what I had my eyes on but I only execute within certain hours of the day. I'm going to the house of pain for a back and biceps session. See you in NY. Don't forget about the news at 11 UTC
Komen:
Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.