this is an interesting trade, i am working on a concept, using levels. Sometime price give a reversal and a strong momentum shift, most shift will give atleast 3 levels of movement. when they dont, i see this as an incomplete algorithmic reaction ( problem ) with the only solution is for price to return to make the 3rd level, after its retracement. havent solidified this theory yet as its only worked the first time i tested it , we are 1 for 1. much for reference points are needed
Komen:
this is for documentation only, i will not be taking this trade live
Komen:
price is now at 40 pips profit