DislikedAUDJPY Long Trade Opened: Entered long #1, pre-LS Classic. To me, the bigger picture is bearish. But the market frequently uses the early part of the week to set up prices for bigger moves. Therefore, seeing this Classic setup (although pre-LS) I decided to take a chance that the deceiving and thieving MMs are going to whip the price up before going with bearish PA later in the week. This would give them a day or more to suck longs into the market to generate liquidity for the MMs to enlarge their short positions. I could be wrong about this. I...Ignored
Added long #2, pre-LS M5 Classic. I repeat, I see this as bearish overall, but early week is a time frequently used by MMs to retrace prices to load up more for a bigger move later. This trade is only for the anticipated retrace up. If it goes well, after closing it I will be looking for a short setup for a bigger bear swing down.