Price today was below the daily pivot during Tokyo open. Price went up and down sequentially. Again started to move up before the start of London session.
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| Figure 01: EURUSD 5m chart |
After London open, price moved sharply up.
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| Figure 02: EURUSD 5m chart |
After the sharp rise, price went down with force sell signal. I missed it. Then price again went up sharply. I took this force long trade and trapped 11 pips into my account.
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| Figure 03: EURUSD 5m chart |
After the sharp rise price started to fall sharply. It also produced a sell signal by force srtrategy. Grabbed 10 pips here.
Price continued to go down to WS1. I grabbed 24 pips here with a short trade by force system taken after London open.
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| FIgure 04: EURUSD 5m chart |
Price reached a demand area. So I got out of the trade without making any further delay.
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| Figure 05: EURUSD 5m chart |
Price bounced from the demand area and returned back only to stay for two 5m large candle & start the upward journey. Price moved up smoothly and produced a double top at one weak supply area.
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| Figure 06: EURUSD 5m chart. "Double top" |
Price with a slight downward movement, rallied upwards and paused at higher TL and w_pivot.
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| Figure 07: EURUSD 5m chart |
Price reaching there started to move sideways. At one point gave a sell signal by force system.
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| Figure 08: EURUSD 5m chart |
Took the short signal and grabbed 10 pips. So total pips collection today is: 55.
See the position of the last trade-
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| Figure 09: EURUSD 5m chart |
See how price respected the previous supply area. Before entering into any trade you should check these area and take decision accordingly.
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