11/10/19
Morning Traders,just a recap of what PA did yesterday, we enjoyed buying dips off of the H1 buy zone and got a series of buy setups.
The m15 200 ema handle also provided a couple of bounce and price went on to create a new head and shoulder pattern that managed to keep its shape and the Head of the pattern wasnt able to be broken, as such we reduced bullish outlook and waited for price to break and close below the m15 200 ema. The plan was to begin bying dips as soon as the m15 pattern reached its target at 1492 and then buy dips with the first target towards 1500 and 1503 in extension, we waited for the H1 sell zone to cross over and come within range, it has done so now. The daily close below 1500 mark but above the 1485 handle still keeps bulls in play....without a daily close below 1485 we remain range bound.....
H1 :Bearish: Sell Zone 1496 - 1499.16
H4 : Neutral to Bullish.
D1: Neutral to Bullish.
Intra day levels
Upside
1526.40
1516.51
1512.86
1507.16
1501.05
Downside
1490.63
1484.11
1482.23
1474.96
1458.23
Trade safe and green pips all round
Morning Traders,just a recap of what PA did yesterday, we enjoyed buying dips off of the H1 buy zone and got a series of buy setups.
The m15 200 ema handle also provided a couple of bounce and price went on to create a new head and shoulder pattern that managed to keep its shape and the Head of the pattern wasnt able to be broken, as such we reduced bullish outlook and waited for price to break and close below the m15 200 ema. The plan was to begin bying dips as soon as the m15 pattern reached its target at 1492 and then buy dips with the first target towards 1500 and 1503 in extension, we waited for the H1 sell zone to cross over and come within range, it has done so now. The daily close below 1500 mark but above the 1485 handle still keeps bulls in play....without a daily close below 1485 we remain range bound.....
H1 :Bearish: Sell Zone 1496 - 1499.16
H4 : Neutral to Bullish.
D1: Neutral to Bullish.
Intra day levels
Upside
1526.40
1516.51
1512.86
1507.16
1501.05
Downside
1490.63
1484.11
1482.23
1474.96
1458.23
Trade safe and green pips all round
4&1 All Time Profit:
$37,496
2