FX market was kind of constipated in week8. Only a few reliable setup with good edges but for some reasons I did not follow through with them.
I will be eyeballing hard on this upcoming setup. A classic TA concept as espoused by Peter Brandt – ICELINE will be the focus for this trade bias.
I am expecting a very strong resistance confluence so I will patiently wait for the price action to prove to me that it is resisted. It is most prudent in this way and it allows smaller SL to be set.
This is also day to day momentum is still up and i want to wait for the d2d momentum to be in line with the w2w trend.