Thought I'd share a couple of trades I couldn't resist not taking.
EURUSD:
So I wanted to start experimenting with FLDs. So the idea is when you get/estimate a focal point, there's two outcomes possible.
1- Sideways price motion and continuation
2- Reversal
I added an FLD chart to just observe the hesitation zone that occurs after a focal point. Often there's possibility of the continuation trade after break of this zone and FLDs to the trend direction.
This is just that case. After the FLD break to the upside, took a long and estimated the target by having the focal point, which it reached.
EURUSD:
So I wanted to start experimenting with FLDs. So the idea is when you get/estimate a focal point, there's two outcomes possible.
1- Sideways price motion and continuation
2- Reversal
I added an FLD chart to just observe the hesitation zone that occurs after a focal point. Often there's possibility of the continuation trade after break of this zone and FLDs to the trend direction.
This is just that case. After the FLD break to the upside, took a long and estimated the target by having the focal point, which it reached.
When there's a will, there's a way.
2