Tuesday

Video: Constructing pre-trading "prep" by reading the markets intentions

Daily prep prior to each trading session creates the blueprint from which the day's trades develop, see example below...

No news = continuous uninterrupted trading which lends itself to a trend day.
Currently, we are trading within longer-term high agreement range between 0.7803 and 0.7846. Also, note the high agreement node at 0.7856. If price breaks the range to the upside then this is a profit take area.

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The high agreement area from Friday’s longer-term prep at 0.7790 has held with buyers bidding up the market at this level and slightly higher over the last two sessions.
It is not clear where traders see value from the last two sessions, so despite the market making higher highs/higher lows into the close of the last session, I am not biased up or down. The market will need to show me which where they see value for the upcoming session.
Despite the very complex price action in the orange box, we can see a substantial high agreement area between 0.7816 and 0.7822 which has been the catalyst for the recent directional change to the upside.
Currently, the price is approaching high agreement between 0.7841 and 0.7852.
Price could push up on the open and then turn down at this high agreement area towards the lower high agreement area also mentioned.

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 If the market opens and continues to trade higher, if there is evidence of multiple failures at the high agreement area and price is extended, this sets up a short opportunity with a max profit at lower high agreement from the last session.
If the market commences trading around where it previously closed followed by failures to move higher,  this will present a short opportunity. The profit target will be lower agreement from the previous session.
Longs can be considered at either of the last session high agreement areas if evidence exists buyers are bidding up the market. Max profit target will be to front run high agreement that exists at 0.7841 as it is evident from the last three sessions PLUS it’s also a major high agreement area on the longer-term profile.
Any moves higher will require re-prepping.

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