At this point, mid morning in the asia session, I'll sit on the sideline and wait for some direction for new entries. Boring....
Here's the entire session so far on the 20m chart. The PA is clear and fairly representitive of a typical Asian session.
A break one way or the other to a pivot, a run back to the CP/DP with some bounces and stalls at or a'rd the pivots or QP's, with price coming back to roost near the CP/DP. Tonite, they are only 6 pips differnce so that will be a strong attractor unless and until it breaks and clears.. Frankie/London open maybe.
Near upside targets would be the QP at 2930 or M3 at 2950 to the north if the DP breaks... I'd rather short it again from there than long it to there, but that's just me.
Careful trades all.
Here's the entire session so far on the 20m chart. The PA is clear and fairly representitive of a typical Asian session.
A break one way or the other to a pivot, a run back to the CP/DP with some bounces and stalls at or a'rd the pivots or QP's, with price coming back to roost near the CP/DP. Tonite, they are only 6 pips differnce so that will be a strong attractor unless and until it breaks and clears.. Frankie/London open maybe.
Near upside targets would be the QP at 2930 or M3 at 2950 to the north if the DP breaks... I'd rather short it again from there than long it to there, but that's just me.
Careful trades all.
Attached Image
FUBAR...