Friday, November 11, 2022

Open

Day

Trades

  1. Yellow circle: 1m bullish harami forms on the 34 right before 7:00 news, and this sends it up despite a breach of the harami low. This coincides with a 5m fake 34 rejection, so we get a nice run immediately.
  2. Orange circle: As we expect, the 5m pulls back afterward, but this time goes for a shallow wave B instead of a 34 re-test. This gets us in with a bullish harami 7J, once the 5m is just getting below 0. Note the 5m MACD Histogram is still bright when this candle comes.
  3. No other clean/standard entries come the entire day.

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