Disliked{quote} Ken mind that trendlined trends rotations are not traded on this thread....unless they show very strong consistency. That means structure should follow 5-10 highs with clean perfect symmetry if you want to trade such behaviour change, 3 is not enough.Ignored
Thank you for the reminder. My bad. I will take note on that for future trades.
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In Post 5044, you mentioned:
USDMXN , was few seconds too slow to initiate an order. Target baked. Lets see if anyone can point out why this setup was likely (if it was) to deliver straight forward move, what strenght the structural info gave...
The reason why the setup was likey to deliver straight forward move is because there is a clearout, It is then followed by a lower low with strong move towards Supply 1. Shelf is form and price continue to move up to Supply 2. There is no resistance above Supply 2 due to the strong red bar prior to the forming of bottom rotation.
Is my observation in line with the teachings of this thread?
Thank you!
Ken