originally seen this trade last week and was looking at the lower swing high pattern forming.
the CTL has been respected massively twice over so i was waiting to see if it would be respected again.
The CTL was tested and retested, normally i would have entered straight away but i waited for a better entry. i seen the opening upon seeing price action move below the rectangle support and then spike through both the box and the MA.
i also used the MA crossover to the downside on the 2hr time frame before entering.
i am looking to hold till the weekly supp of 122 as im a little confused as to whether this is just a pull back before pushing further higher
the CTL has been respected massively twice over so i was waiting to see if it would be respected again.
The CTL was tested and retested, normally i would have entered straight away but i waited for a better entry. i seen the opening upon seeing price action move below the rectangle support and then spike through both the box and the MA.
i also used the MA crossover to the downside on the 2hr time frame before entering.
i am looking to hold till the weekly supp of 122 as im a little confused as to whether this is just a pull back before pushing further higher