AUDUSD Short Trade Open:
M15 Classic re-entry, post LS.
You can see the bear PA waves, and that the Dragon is well angled down throughout. Now the Dragon has crossed below the Trend, also angled down. There has been a 62% retrace of the last leg down. PA might or might not retrace more. That is up to the MMs. But, in case it does not, I have decided to make entry short here. The question becomes whether or not to add "in the red" if after hours PA, or the next AS PA continues the retrace.
M15 Classic re-entry, post LS.
You can see the bear PA waves, and that the Dragon is well angled down throughout. Now the Dragon has crossed below the Trend, also angled down. There has been a 62% retrace of the last leg down. PA might or might not retrace more. That is up to the MMs. But, in case it does not, I have decided to make entry short here. The question becomes whether or not to add "in the red" if after hours PA, or the next AS PA continues the retrace.