GJ Comment;
As shown on the M15 chart, it appears that Friday the MM's at LO begin to whip price up to and tested the RWH resistance area at 173.2xx where they appear to be position building and accumulating shorts and this price whipping continued into the NY session and then became the usual Friday Asian session ranging. Of course we have no way of knowing how long this accumulation will take place, but IMO next week we could be looking for and seeing some good short trades probably in and around news trading carefully before and after the news and in accordance to the news trading rules offered here. IMO, special care should be taken around the RWH area and the BRN where more whipping and whacking of price may occur with a re-test of these levels. Time will tell what the MM's have in mind but bearish signs appear and The Day and Hour candles will show the way and we trade what we see, just my observation !
My 2 cents
Cigarguy
As shown on the M15 chart, it appears that Friday the MM's at LO begin to whip price up to and tested the RWH resistance area at 173.2xx where they appear to be position building and accumulating shorts and this price whipping continued into the NY session and then became the usual Friday Asian session ranging. Of course we have no way of knowing how long this accumulation will take place, but IMO next week we could be looking for and seeing some good short trades probably in and around news trading carefully before and after the news and in accordance to the news trading rules offered here. IMO, special care should be taken around the RWH area and the BRN where more whipping and whacking of price may occur with a re-test of these levels. Time will tell what the MM's have in mind but bearish signs appear and The Day and Hour candles will show the way and we trade what we see, just my observation !
My 2 cents
Cigarguy
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