On the 1hr chart I have placed areas I am watching for shorts and longs, now that I have identified specific areas for stall patterns, I will focus on the smaller time frames to pinpoint the entries for these two zones.
I will be looking for the highest entry if shorting, and use the top of the zone for STOPS at 1.3655 line
On a long setup, I prefer to get a 1.3535/25 entry on a pullback into the breakout area.
If price breaks below the 1.3524 area, then I would be very careful on longs.
Once price establishes a range in the trend lines I have marked, then there should be multiple scalping opportunities.
Have a great trading week.
I will be looking for the highest entry if shorting, and use the top of the zone for STOPS at 1.3655 line
On a long setup, I prefer to get a 1.3535/25 entry on a pullback into the breakout area.
If price breaks below the 1.3524 area, then I would be very careful on longs.
Once price establishes a range in the trend lines I have marked, then there should be multiple scalping opportunities.
Have a great trading week.