I would like some upside first with the 10am hi news => reversal to the downside with substantial decline => PMS reversal to the upside.
10am news can bring a lot of volatility that is why it is better to see the initial move and analyse the price action accordingly.
10am news can bring a lot of volatility that is why it is better to see the initial move and analyse the price action accordingly.
Note
Initial target for the drop on the 10am news has been reached. Looking for the signs of reversalNote
First long setup is framing. I would like to see one more retracement down without a new low.Note
LHS starts => I would like to see some consolidation and down retracement. Ideally without a new low.Note
LHS - no correction yet, but I anticipate corrective retracement before the main move to the upside.Note
Price dropped into anticipated retracement level. => Anticiptate one more leg upTrade closed: target reached
Anticipate deeper correction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.