MARKET MAKER METHOD - Beginning of trading week is a false move to trap traders. Market Maker has set the tone for a continued bearish week, don't fall for it. It's reversal time for us. Looking for a "W" formation to setup at London open, ideal stop hunt down to BUY entry is @145.45, but may not reach that low so I can expect a range area around 145.65 - 145.45... I personally use a 25 PIP stop loss at my entries, use what works for you. Assuming "W" formation sets up, get ready to bag 100+ PIPs easy! Good luck everyone!!
Trade closed: stop reached:
Hit stop loss. Looks like we had a last leg down "A" formation to cap the end of the downtrend. Absolutely certain we'll see a "W" formation for new uptrend reversal cycle in the next couple days. I'll be looking to BUY@144.10 pending "W" structure formation..