Hey Guys
As u can see, I am still working with my initial analysis from 08/01/2023.
Looking at the market structure, I see immediately, that we are also in a dalparabole. our market was in an accumulation and broke out of it. It looks like it broke out and retested the breakout-zone. The price is continuing the initial bullish trend. Take note, that tomorrow is one of the craziest days in a trading month. We have news regarding Inflation being released tomorrow, so I will prepare myself for tomorrow.
I already took two trades, where one hit my SL, more because of the timing of the trade. Sometimes I think we need to also work on the timing of the trades we take. The second trade I surely capitalized on it. My overall bias in the market remains the same.
As always, make sure u use the right type of R:R for the best outcome, and time the entry just right.
I am curious as to how the market will play out tomorrow, I hope you too.
Happy Trading
As u can see, I am still working with my initial analysis from 08/01/2023.
Looking at the market structure, I see immediately, that we are also in a dalparabole. our market was in an accumulation and broke out of it. It looks like it broke out and retested the breakout-zone. The price is continuing the initial bullish trend. Take note, that tomorrow is one of the craziest days in a trading month. We have news regarding Inflation being released tomorrow, so I will prepare myself for tomorrow.
I already took two trades, where one hit my SL, more because of the timing of the trade. Sometimes I think we need to also work on the timing of the trades we take. The second trade I surely capitalized on it. My overall bias in the market remains the same.
As always, make sure u use the right type of R:R for the best outcome, and time the entry just right.
I am curious as to how the market will play out tomorrow, I hope you too.
Happy Trading