DislikedGreat stuff folks. This was a no brainer, pass. The fake out bar closed just below the 1.32500 level but more importantly the consolidation below at 1.32000 was the key. Note that as we speak, price is at the same level. {image}Ignored
This is a great exercise for people struggling to locate FTAs and initial target areas for their trades.
Since the ultimate target, for discretionary traders anyways, always depends on how things develop along with how price performs at the initial trouble areas, it is always a vague shot predicting the "ultimate" outcome to a trade setup via this exercise. It kind of makes it like a shot in the dark and not much useful. It works best when people start thinking in terms of where is price going initially.
g.
I believe . . .