For your diary of events
So the bulls could not take out the bear support suggesting the target is to the short side on the hour chart.
On the 5 min we saw the bulls unable to break the swing high level...so they are going to test the swing low which they did.
They smashed this to test both the next level and subsequently the one after also. If you pair them off as I have done you will see if the average is to make the lower low then the price will reach the next level.
Note how when price reached this final level on the 5 min it was a div, so we go long if we want more money than we can poke a stick at.
This whole process took a whole day but paid very nicely. I don't like to be in a trade for so long, in fact I would have been asleep for most of this.
So the bulls could not take out the bear support suggesting the target is to the short side on the hour chart.
On the 5 min we saw the bulls unable to break the swing high level...so they are going to test the swing low which they did.
They smashed this to test both the next level and subsequently the one after also. If you pair them off as I have done you will see if the average is to make the lower low then the price will reach the next level.
Note how when price reached this final level on the 5 min it was a div, so we go long if we want more money than we can poke a stick at.
This whole process took a whole day but paid very nicely. I don't like to be in a trade for so long, in fact I would have been asleep for most of this.
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