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Traderecap

EU Trade recap from Previous ForecastPrice has behaved exactly as expected so far this week and presented us with several opportunities. This was a clean short taken last night, exactly as forecast at the beginning of the week. Price pulled back to 50% of the main move down and then gave us a confirmation entry on the lower time frames. We are still in a higher time frame down trend, however price is getting slightly messier now. Hopefully we get a clean Asian runner short this afternoon to continue the Daily trend lower.
by Matt-The-Trading-Cartel
EU Trade recap from yesterdays ForecastJust posting a quick analysis to follow yesterdays forecast. This trade set up just after the forecast that was posted yesterday. At the time the forecast was posted we were still in a down trend on the 15 and 5 min time frame, and we had a 1hr range marked on as the area to go agressive at. Because price had rebalanced to the 50% of this range we knew price could go early. The 15min trend change in pre london session was this indication and that is why we then placed this trade targeting the weak high that was mentioned in the forecast. This is a perfect example of adapting to the market and not waiting for the key 1hr range edge as the only area to trade from.
by Matt-The-Trading-Cartel