DislikedLooks good vyky, your trade plan.
My FTA would be the previous bar high, lining up with the other lows but essentially the same as you with the major trouble area being the clear two lows up near 1.34
The reason I would pass in case you are interested(not to dissuade your trade plan it's fine) is because of the size of the recent down move vs the size of the BUOB. If played it should be played as James16 describes in this is critical. That's why I don't want you to take me not taking it as it's a bad trade. Also there isn't a large amount of...Ignored
Thanks for your comments.
I also thought about the lack of other confluence like EMA's, FIB's. The only reason this trade could be taken is purely based on the PA BUOB and the space above it.
Here is my trade plan....
Enter @ 1.3170
S/L @ 1.2870
Target = will be watching all the important FTA's for possible exits
Trade mainly based on the Daily Chart. I will be looking at the bar highs/lows and RN's for FTA's on the Daily Chart.
Mike, Can you please elabarate on this line.
QuoteDislikedIf played it should be played as James16 describes in this is critical.
vyky