Possible Wyckoff set-up on 1 hr time frame
Stop 0.685
Entry target 0.688
Trade Goal >0.695
Stop 0.685
Entry target 0.688
Trade Goal >0.695
Operación activa:
Holding
Stops at breakeven.
SOS into to of trading range yesterday.
Potential for backup consolidation at current levels.
Watch for capitulation move
Stops at breakeven.
SOS into to of trading range yesterday.
Potential for backup consolidation at current levels.
Watch for capitulation move
Comentarios:
likely that the consolidation forming after the breakout > 0.692 will be a continuation.
watch for false break of the lows here for wyckoff entry
watch for false break of the lows here for wyckoff entry
Comentarios:
A possible intermediate trading range is setting up in CADCHF.
Stops 0.688
Watching for a false break through 0.692 to add a layer.
Stops 0.688
Watching for a false break through 0.692 to add a layer.
Comentarios:
Decisive close below 0.691 would end this operation.
Operación cerrada: precio stop alcanzado:
placed buy orders 0.692 - lower level of possible re-accumulation pattern - that got filled. Whipsaw move - possible secondary shakeout - took out my stops.
Remain long one layer (entry) 0.688 with stops at 0.688
Remain long one layer (entry) 0.688 with stops at 0.688
Followed by Automatic Rally (AR) into Higher High indicating change of character (CHoCH)
Cause built over 140 or so bars, 10 days,
Steep plunge into Spring (5th wave)
Evidence still required:
*Wide body bar close > 0688
*Test 0.688
*Formation of Last point of supply (LPS)