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Price Action:
Price reacted at the 50% mark of the previous rally , (which broke res.)
but seems to fail to generate a follow thru , the supplyline is slightly penetrated but still intact
Trade Idea:
the current minor indecison at h1 and the failure of a follow thru to the upside
is considered weak , and therfore a short would be in place
at the break of 111 in terms of a swing play
to test the levels of 110.60 , 110 , 108.50 , 106 ,..
Price Action:
Price reacted at the 50% mark of the previous rally , after a small range
price broke to the upside and formed a tight range
Trade Idea:
limit entry (long) at 111.50 (broken res. now sup.)
stop loss at the lows at 111 , give price room till
"middlepoint" 111.30 , for additional entry if PA confirms
else , on a break of 111.80 add on retr.
till arround 112.10 (50%), reducing risk towards this level.. whatch PA for exit / reverse
Hard Stop 111.05
Entry 111.50
TP1 112.10
TP2 112.50
anything can happen , watching "extremes" at 111 / 110 ..
shorts only if DL is broken for good, and any fail to take out 112.10 / respectively a break of 111
