For the longest time, I was convinced I could pick the exact moment when the market was going to reverse. Almost to the pip. The experts would say it was impossible, but I could do it time and time again. All I had to do was wait for price to break through and close below support, just like the books say, then enter a short position hoping to get in on the downtrend right before
Here is an example of trying to catch the quick reversal in a demand zone with a buy stop.
Memorial Day added a pause in the market and an opportunity to get back in the trend.
This one is a test of Technicals vs Fundamentals. Patterns on the weekly and daily show a potential reversal with a big upside, but recent news suggests strength in USD over the long run.
This pair has been in consolidation for a few weeks after putting in a double top in mid April. Price finally made a push lower with a close outside of the consolidation range followed by a retest. We will have to wait and see if this breakout has the momentum for my 3R target. I will manage the trade accordingly.