Weekly Summary – Up with a weak bull close (bear pin) bac 63.72 for t 63.50 t2 62.56-43
Previous Day – Neutral extreme up day with strong bull close
Hourly Bias – Long Bias Sc 2
Big Picture – Rej of 60.bz at 06-79 and breakout of bal hi at 68 and id x2 hi at 86, exp for BP bz and support to hold on pullbacks and sz to be tested and broken.
Hypo 1 – Up – if price holds 00-91 then longs t 13 t2 18-22; bac of 22 then longs t 40 t2 50-61
Hypo 2 – Deeper Pullback – if price holds / bof 18-22 then shorts t 00, if price bac 91 then shorts t 80-76; bac 76 then t 68-62; if price holds 80-76 or 68-62 then longs for resumption of BP long bias
Hypo 3 – Down – if price bac 62 then shorts t 55 t2 45 t3 39
Red flag levels – For short trades bac 65.22 For long trades bac 64.62
Focus was pretty crap for a bit when price was chopping around and Eurostoxx was in a narrow range.
Read was good in Eurostoxx and Bund was a bit harder, on the push thru 42, my exp was for lower prices but on the strong rot up to test 53, that had me been on the side lines direction wise, but no bac of 53 to confirm, left me back to short bias but without taking the previous planned trade.
More knackered now than before I took 5 days off. Possible too much Strongbow and Champs.
Weekly Summary – Neutral range up day with bull close (idx2) hi 64.22 / lo 63.25
Previous Day – Normal down range day with weak beat close
Hourly Bias –Neutral bias sc -1
What happened – OIR rot down to test support at 73 and rot up to test 60.sz 96-22 (1tb) rej and rot down to p.vah and into bal till nfp and then rot up to test 60.sz (2tb) and rej back down to 60.bz 46-24 and bof of minor pivot and rot back to 60.sz (3tb) for mc
Hypo 1 – Range – If price holds / bof 00-10 or 22 then shorts t 85 t 2 71 t3 60-49, if price holds /bog 46-24 then longs t 65-71
Hypo 2 – Down -if price bac 25 then shorts t 16 t2 06-88 (96) (60.bz)
Hypo 3 – Up – if price bac 10 then longs t 22 bac 22 longst 45 t2 45-65/datr
Red flag levels – For short trades bac 64.22 For long trades bac 63.25