Afternoon Trader,
I will be honest and say this IS NOT a trade I managed to take, I simply just missed it.
Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action had pushed down too quickly for me showing we may potentially have some non tradable volatility and clear rejection of the most recent high level signalling very little momentum.
However, over the course of the Asian session price action continued to form into a tight range/channel that then hit my key level of interest and my entry would have been triggered and impulsed away.
but as stated I did not enter this trade but for the purposes of being fully transparent I thought It may help fellow traders.
let me know your thoughts if you agree or disagree.
Thank you.
I will be honest and say this IS NOT a trade I managed to take, I simply just missed it.
Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action had pushed down too quickly for me showing we may potentially have some non tradable volatility and clear rejection of the most recent high level signalling very little momentum.
However, over the course of the Asian session price action continued to form into a tight range/channel that then hit my key level of interest and my entry would have been triggered and impulsed away.
but as stated I did not enter this trade but for the purposes of being fully transparent I thought It may help fellow traders.
let me know your thoughts if you agree or disagree.
Thank you.