"A simple description would suffice of the method would suffice." So where's the simple description of your method?
OK lets see what we got thus far ... well after the initial drop , price reacted soemwhat shy of 325,00ish @329 to be precise , but nothing PA wise wich made me worry or even think of a long at that level , the rallie afterwoulds wasent scary aswell , as no one followed price any higher ,, therfore i was confident to keep the short open ... then came todayas drop torwards our target @220 wich i must confess was a lil brave (to far).. anyway price reacted around 246 , wich didnt break the lows of 239/230 and therfore , i pull my SL to BE+ and look to get out on a retest of the actual Low (circled) and if we form a higher low on the restet and the PA looks good , i may take a long position at that level.. well see.. depends if iam at my desk at that time.. thou
spot FX EU Intraday short call pot. short @ 1.3366 * StopLoss @ 1.3383 Target @1.3336 *may pull the entry torwards a swing high that may form as drawn (grey line) *** UPDATE Executed @ initial 1.3366
Spot FX EU Intraday Long Call entry @3240 StopLoss @3230 Pot. Target @3270 may keep the position open till 3300 if PA dictates at crucial levels like 3250 / 3260 /3270