Previous day’s failed inside day break, and Brussel terrorist attack, stoxx was sold off initially, and recovered most of the day’s lost at the end of the day. Refer to pre market post.
Here are the end of day Hourly chart.
Here are the levels I am looking at for today’s session.
Time constraint, I will start with FESX for now, and with limited description.
Charts prepared using Sierra Chart.
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Yesterday, I tweeted about $AUDUSD ‘s structure prepare. Here is the updated chart. I expected market to fill the single prints between 7074 and 7143.
$AUDUSD looking at the potential of repairing the structure between 7074/7143
— Gavin (@tradergav) Nov. 16 at 11:13 AM
Updated chart
Looking ahead, here are some zones I am watching to do business.
RTH opened with a false break of yesterday’s high (4727.5 vs 4729.5), and auctioned past yesterday’s point of control and to the lower balance zone (HVN). This is contextual review, which is very important practice (at least for myself) to identify trade location. Actually entries relied on the skill of volume and order flow analysis, that’s a whole different story.
NQ Futures broke out from bracket on Monday. It retested the previous daily swing high 4676.5 and rejected at the Monday’s VPOC today gave me a hint that the breakout was for real (at least for day trading purposes), and market was trying to discover higher price levels.
