EU:
Not always, but quite often once the Dragon crosses (up/down) the Trend Line on H1, the MMs initiate a price pullback to/thru the Dragon. What is actually happening when they do this is the MMs are entering more positions in the new direction of the trend, and they manipulate the price to their advantage when they do this.
Ok, now with EU we see the Dragon starting to cross (down) the Trend Line on H1, so we might anticipate a pullback up to the Dragon anytime. Looking at a FR study and historic PA, a probable pullback price area is show by a yellow line. And the probable time would be in the LS, maybe as late as after the US session starts.
So, any looking for a short setup, this might provide an opportunity to do so at higher than current prices, later today,....possibly.
-tah
Not always, but quite often once the Dragon crosses (up/down) the Trend Line on H1, the MMs initiate a price pullback to/thru the Dragon. What is actually happening when they do this is the MMs are entering more positions in the new direction of the trend, and they manipulate the price to their advantage when they do this.
Ok, now with EU we see the Dragon starting to cross (down) the Trend Line on H1, so we might anticipate a pullback up to the Dragon anytime. Looking at a FR study and historic PA, a probable pullback price area is show by a yellow line. And the probable time would be in the LS, maybe as late as after the US session starts.
So, any looking for a short setup, this might provide an opportunity to do so at higher than current prices, later today,....possibly.