Apr 202012
 

 

Price opened in the 57.25 level and worked it’s way up into the back of the 80.50 level.  Any short entry within the 80.50 level would have captured both small and large targets.  I wrote in chat this morning “Volatility has definitely picked back up this week, but after the bounce off YL and the overnight move up; this could be a low volatility day.”  Trade opportunitiesfrom the 80.50 level took upwards of 3 hours to unfold.  The example trade is based on reading order flow and price action once price entered the 80.50 level.  The 2nd push was shallow, so a good entry price would be

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