Sonic Setup on Daily GbpJpy?
Hello, i think that a Scout trader would have already shorted on the green top of this chart when volume increased above 189 level.
I'm not a scout trader, so i prefer to have "solid" sonic setup.
So my question now is, is this wave a solid classic Sonic R setup?
Despite dragon been yet above the 89line, we have a high, we have a low, we have a lower high, and already a lower low. The classic entry IMHO was when candle C broke down the previous low. That entry would have a + than 250 pips on a day!
Will we have now a re-entry?
Price is now on the top of a dinamic area, i suspect (cause no one knows where price is going next!), due the volume if this last candle that price will rebound up a bit before continue it's way down.
Õn the other hand if next candle breaks down this last low... i might jump in shorting.
If someone have a diferente view please feel free to enlight me!
Regards,
Hello, i think that a Scout trader would have already shorted on the green top of this chart when volume increased above 189 level.
I'm not a scout trader, so i prefer to have "solid" sonic setup.
So my question now is, is this wave a solid classic Sonic R setup?
Despite dragon been yet above the 89line, we have a high, we have a low, we have a lower high, and already a lower low. The classic entry IMHO was when candle C broke down the previous low. That entry would have a + than 250 pips on a day!
Will we have now a re-entry?
Price is now on the top of a dinamic area, i suspect (cause no one knows where price is going next!), due the volume if this last candle that price will rebound up a bit before continue it's way down.
Õn the other hand if next candle breaks down this last low... i might jump in shorting.
If someone have a diferente view please feel free to enlight me!
Regards,
If you don't know how to earn money, don't loose it.