TRADE SUMMARY: nice daily pinbar at the previous DAILY HIGH + NICE SUPPLY ZONE. This was suppose to be a trade of the week. But! There is always a but. That nice pin bar at the right area had something before it broke. A tight range, that faked in one direction and then took everyone including me on the other direction. The anticipated retrace came simply too late and my level did not hold. Well that happens. Although at the M15 and H1 looking, I knew, this is not gonna work and I should close it. Intuition screemed at me. I did not follow, since the rules were clear. One has to know when is the right time to break the rules. This was potentially that time.
TRADE SUMMARY: the trade was triggered by an SFP of the last resistance high. Was it the strongest S/R? No, but it has presented a good QUASIMODO pattern and potential retrace back to origination point. I have believed the potential and two days of drive, nice flush to the upside.
Comment: Higher Timeframe Players (HTP) entering the market today after 8 days of consolidation breaking up the trend and killing the initial spike getting into the demand zone at 1140-1150’s. With nearest swing daily low @1124, we can expect new players to step up. Thx to the void I either expect pop back to 1200 from 1140’s or 1110’s. Lets see how this rolls up
TRADE SUMMARY: supply zone at nice pin bar, limit sell. USDCAD just wanted to drive higher.
TRADE SUMMARY: NZDUSD stopping of the DEMAND ZONE + confluence with daily trendline was a good reason to buy the drop on limit even after the type of retracement that came.
TRADE SUMMARY: NZDUSD dropped to far from its top after a strong run through daily resistances. The drop was deeper than expected and paused at the good DEMAND ZONE area.
TRADE SUMMARY: USDCAD has run a long way up without pull back. It has breached already one supply zone, and one resistance daily zone without stopping. With rejection and SFP like style, I have expected that this run might be over and we would have to drop lower. I was wrong and positive news took this pair higher, taking my stop by 1pip :). Next.
TRADE SUMMARY: ex demand zone hit, with ignition of the fake range breakout on h1
TRADE SUMMARY: looking for tired pa after initial SPIKE into first supply zone. Play with weak high, taken away. Vol and range was tight after spike, that was not a problem, but supply zone imo weak for this type of energy.
TRADE SUMMARY: after a runner back into mid-range, gold looked tired (three cons up days with decent size and volume). The idea was that the pair needs a breathing time to get back at least 50back. I was looking for initial short on first range created.