Price 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...
Just 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...
