Structural Schematic Walkthrough Monday 6th August

This is a walkthrough using the Logic inherent in the Structural patterns. We would only be considering trades in Play from F1-F9 and would ignore or at least make note of NF situations which would cause us to stand off a trade.

1st OP

Market has been open for an hour and formed an F10 during the Euro IB which we test just after the London Open.

 

 

 

 

 

 

 

 

2nd OP

Following the F10 we move higher and see the seller step in at 95 and 96. This forms what looks like an F5. We are looking for a continuation trade. We have also just formed a major reversal pattern at the low.

This pattern had two trades the first bounce from the 96 step and the second was a spring of the step.

 

 

 

The Market moved higher in a stairstep fashion offering another three F5 trades the final one also being an F7 test of an earlier volume node.

 

 

 

 

 

 

 

 

 

 

 

 

 

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