An early bullish TL developed in the Euro Zone Market and continued into the early US Market. The ranges were released to the chat rooms and we had a BO fairly soon thereafter. A second test of the BO was another entry point for longs. and a pre-open surge was a long off the Bull TL to the BO-5.
B! established the Open High and we had the 1st reversal to the Bull TL for additional longs for an additional run to the BO-5 area and a BO of B1 H to establish the 1st HOD which failed for shorting. At this point weakness is noted in the fact that the EMA had not crossed the B1 H. PA held at the EMA and we see the 2nd FBO of the HOD which was a short with a HOD+1 stop.
B51 area was a PA reversal at the BO-5 and a 50CB level. B52 was a trend continuation bar when the high of the bar failed to test the 50CB, and pushed the PA down for a range reversal short.
The Long Range and the EMA were resistance for a FBO short for a 1 bar range reversal.
B! established the Open High and we had the 1st reversal to the Bull TL for additional longs for an additional run to the BO-5 area and a BO of B1 H to establish the 1st HOD which failed for shorting. At this point weakness is noted in the fact that the EMA had not crossed the B1 H. PA held at the EMA and we see the 2nd FBO of the HOD which was a short with a HOD+1 stop.
B51 area was a PA reversal at the BO-5 and a 50CB level. B52 was a trend continuation bar when the high of the bar failed to test the 50CB, and pushed the PA down for a range reversal short.
The Long Range and the EMA were resistance for a FBO short for a 1 bar range reversal.
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