Until this point there are some points I have read wrong. About the sell orders in point A that was right, But about the most recent engulf and the retrace something must be wrong. The price must have reached the target for longs and ha reached a deep retrace point. I have to find out where did I read the market in the wrong way
In the process of retracing the price has engulfed a FL and hasnt reached the extreme of retrce yet hence we expect the price to go higher before going south provided that it doesnt reach the targets highlighted below {image}
{quote} If FL got engulfed. It doesn't mean price will follow. Sound like I am liar? But how many times you see that there is FL engulfed then price is still go away not to follow the engulf? That's the point. Many of us already feel the same story. FL already got engulfed but no setup yet. NB: I don't have badge here. So make sure that.... Um... May be I am wrong. Something like that. Keep learning
I have a question if anybody can give some advice here.. So there was an engulf below on GBPJPY, i thought the engulf came from green FL, and its origin has been reached. I thought then price would go to LSK below that green FL origin before coming down again and hit tg. But apparently price went up further and i definitely got the FL from the wrong scale. Now there is 2 more possible FL which price came from (yellow and white). How do i avoid picking the wrong scale again? {image}
{quote} Ok so we talk about FL Engulfed then FTR. Uhm.... There is video about it on youtube. readthemarketdotcom "FTR Trade" And not every good FL engulfed leads you to FTR Trade. Experience will help you a lot beefstew
