Today we have a great picture of price action.
We have had a lovely push from the descending nature leaving a large buy range behind.
As always we will be looking to follow the current trend as best as possible. We have 2 ranges that we will be looking to target for entries-just like yesterday.
The first is the 15min range which is also the top of the 1hr range, this area is great, unfortunately its not at the discount of the higher timeframe run up, therefore its not quite as good as the lower range-which is IDEAL for a long entry.
I will be looking for a sweep of the EQL and Asian lows before entering on the lower timeframes. The yellow drawing is an approximation of my forecast.
I do also have a sell range at the top of PA, I will keep an eye on this for potential entries as anything can happen and its best to be prepared.
Happy Trading EnvisionEJ
We have had a lovely push from the descending nature leaving a large buy range behind.
As always we will be looking to follow the current trend as best as possible. We have 2 ranges that we will be looking to target for entries-just like yesterday.
The first is the 15min range which is also the top of the 1hr range, this area is great, unfortunately its not at the discount of the higher timeframe run up, therefore its not quite as good as the lower range-which is IDEAL for a long entry.
I will be looking for a sweep of the EQL and Asian lows before entering on the lower timeframes. The yellow drawing is an approximation of my forecast.
I do also have a sell range at the top of PA, I will keep an eye on this for potential entries as anything can happen and its best to be prepared.
Happy Trading EnvisionEJ