This is one of the classics.
close outside the L-MLH and a Test/Retest.
Since we only can play the probabilities, this is mechanical trade I'l do whenever it shows up.
Yes, it's a counter trend trade, because the prevailing trend is up. But it's also a clear sign of weakness and price want's to travel to the WL1.
Let's go...
Have you already booked your free ForkTrading BLUEPRINT?...if not, it's time to learn something new ;-)
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P!
close outside the L-MLH and a Test/Retest.
Since we only can play the probabilities, this is mechanical trade I'l do whenever it shows up.
Yes, it's a counter trend trade, because the prevailing trend is up. But it's also a clear sign of weakness and price want's to travel to the WL1.
Let's go...
Have you already booked your free ForkTrading BLUEPRINT?...if not, it's time to learn something new ;-)
Read the footer of this post.
P!
Comment:
Weekly charts...they're sllllloooowww §8-)
Here's the Daily for amusement:
Here's the Daily for amusement:
Comment:
Approaching the TGT:
Comment:
TGT moved to 1.2045...the WL1 Support.
Trade closed: target reached:
Target missed by 10 Ticks...took it@ 1.2060 - TNX Mr. Market. §8-)
...let's ride this wave hehe...