I see the dollar in a range. The high 91.01 PYL level and low 88.35 level.
1. Price opens and moves higher into MO level finds resistance and reverses and moves lower.
2. Price opens and continues to moves higher and raids the stops resting at 91.01 level and reverses and moves lower. higher probability trade.
3. Price opens and continues to move higher reaching for 92.28 level(YO). Any retracement in 91.01 look for PA to get long.
1. Price opens and moves higher into MO level finds resistance and reverses and moves lower.
2. Price opens and continues to moves higher and raids the stops resting at 91.01 level and reverses and moves lower. higher probability trade.
3. Price opens and continues to move higher reaching for 92.28 level(YO). Any retracement in 91.01 look for PA to get long.
Kommentar:
Week opened at 90.30 moved lower and raided stops resting at 89.90 ( red x) and proceeded to move higher. I believe the market will push higher to run stops at 90.38 level. I want to see price move into MO level . At this level i want to see rejection ( strong resistance). I will hunt for Market structure break at lower time frame to hunt for sell