Reset is 2 consecutive days of price action breaking PDH and fail on Day 1 and breaking PDL on Day 2. Close below the open FRD Possible shorts on D3.
Note CIB on Tue for longs.
Levels
Take entry off YH/L, Open price, HOW, LOW, HOD LOD or Month and 50% can be close or spot on.
Entries and Timing London 2am NY 9:30am News is a huge factor!
Day 2 Trend Day can range or presents reversal that changes trend.
If reversal takes out previous Day High/Low we may have a breakout fail the dash will update in real time may see it present as Day 0 or Day 1.
See GC, EC, AC Day 2> Day 0 because the new trend broke out and failed.
AUDCAD 1HOW > 0LOW day 2 measured YH/L on day 1, day 2 price is making LL and LH’s trend is changing. If trading London measure recent HOD and YL, if trading NY take next recent High and YL.
EURCAD 1HOW > 0LOW day 2 measured YH/L on day 1, day 2 price printed W pattern 2 hits to low. Dead give away price is changing trend. If trading London measure recent HOD and YL, if trading NY take next recent High and recent low for entry after retracement this is also on major level Aisa HOW…. YL to far down.
GBPCAD 1HOW > 0LOW ...
Reset is 2 consecutive days of price action breaking PDH and fail on Day 1 and breaking PDL on Day 2. Close below the open FRD Possible shorts on D3.
Note CIB on Tue for longs.
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