After a long gap, today I took 2 trades.
http://www.forexfactory.com/showpost...ostcount=69886
http://www.forexfactory.com/search.p...rchid=10993352
Cons: Not swing low
Pros: Good size BUOB
Broke the consolidation or traffic of the last few weeks
Broke daily PPZ 136.30
Has room to run
Edit:Has divergence
FTA is weekly PPZ - Between 138.75 and 139.00
Green Lines: Daily PPZ
Pink Lines: Weekly PPZ
Red Lines: Monthly PPZ
The major purpose of taking this trade is to see how the PA behaves when it breaks the consolidation of more than 30+ days.
In ideal condition it should not be taken since this is not at swing low.
http://www.forexfactory.com/showpost...ostcount=69886
http://www.forexfactory.com/search.p...rchid=10993352
Cons: Not swing low
Pros: Good size BUOB
Broke the consolidation or traffic of the last few weeks
Broke daily PPZ 136.30
Has room to run
Edit:Has divergence
FTA is weekly PPZ - Between 138.75 and 139.00
Green Lines: Daily PPZ
Pink Lines: Weekly PPZ
Red Lines: Monthly PPZ
The major purpose of taking this trade is to see how the PA behaves when it breaks the consolidation of more than 30+ days.
In ideal condition it should not be taken since this is not at swing low.