IDEA: Daily Pivot Down, Trade Long S2-R1... The Daily Average should cause nice resistance to get a sneaky short before we get long. Optimum entry prices are marked with a bar in the stop zone. Also want to see Fibonacci support & resistance along the way!
Short: Will wait for the price to go as high as possible before getting short. Although resistance is showing on the chart, I would rather wait for good P&L
Long: I adjusted the entry for the long to account for sharp downward pressure & better trade P&L. At the long entry I want to see price get as low as possible before entering a long.
Cons: Its also Quarduple Witching Friday & price action can be madness...press play & lets see what happens
News: ECB's Lautenschläger Speech & USA Retail News marked with vertical lines.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Short: Will wait for the price to go as high as possible before getting short. Although resistance is showing on the chart, I would rather wait for good P&L
Long: I adjusted the entry for the long to account for sharp downward pressure & better trade P&L. At the long entry I want to see price get as low as possible before entering a long.
Cons: Its also Quarduple Witching Friday & price action can be madness...press play & lets see what happens
News: ECB's Lautenschläger Speech & USA Retail News marked with vertical lines.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.