The analysis is based on the idea the dollar will get weaker today, but it looks indecisive overall.
All Elevated Signals have fired so I'm taking the trade.
The idea here is to buy a london open down move, with the thought we are bullish for london session.
So right now price may be discounted, I have a very tight stop because if price hits the stop we are most likely going to be bearish remainder of the day.
Price should reverse in 10 minutes IF we are going to be bullish
I am sorry i am new. I do not understand one thing which is it is bullish for remainder of the day but on yhe other hand you said price will go up. Would you mind to explain it to me little bit? Thank you
elevatedinvestor
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@batutu6, Based upon what price had shown me prior to posting, it looked bullish overall. The idea was to buy a short term down move, with the idea we had bullish momentum overall. I wrote "if we are bullish" at the end because I still wasn't fully bullish on price yet, I wanted to see it start getting strong again within 30 minutes of london open. That would have given me a confirmation well are bullish for the day, but we didn't get that. It cna be tough for me to write analysis cause I'm trying to scalp at the same time, sorry if it didn't make sense!