020

TRADE RESULT

BIAS & PAZ

NOTES

Market had a big bullish run, but after the last impulse (4H) the market went into a long period of consolidation, creating our #range. We know the market often spikes one side of a range only to reverse towards the other side of same range and we look for Price Action that would suggest this. Once the market spiked the highs, we broker lower in 2 waves, trading below the breaker to form #RP05 and we could place a sell limit. Our target on the other side of consolidation gave us a very nice 3.9R return on the trade, even though it moved much lower.