A trade I am watching for next week (Yellow TL's).
It will be a cautious trade as the setup isn't 100%. Without the hit of the grey 61.8 Fib (bluebox) it may continue to the downside; that and the order flow is to the downside. I will be looking for a good deep entry signal which means my risk will be low. I may even be looking at a long trade below the current low as the weekly has strong support and possibly quite a bit of supply.
It will be a cautious trade as the setup isn't 100%. Without the hit of the grey 61.8 Fib (bluebox) it may continue to the downside; that and the order flow is to the downside. I will be looking for a good deep entry signal which means my risk will be low. I may even be looking at a long trade below the current low as the weekly has strong support and possibly quite a bit of supply.
As the lights go by so too do the shadows move