BAR REPLAY - 16JUN16

BIG PICTURE

• OVERALL TREND IS UP. PRICES HAVE BEEN RANGING BETWEEN 8100 AND 8300 FOR THE PAST 20 DAYS. CURRENTLY PRICES HAVE TAKEN SUPPORT AT 8100 AND ARE GOING UP.
• PREVIOUS DAY DAILY CANDLE IS IN RALLY MODE.

TRADING DAY

• 09:18 - PRICES OPENED NEAR PAST S/R 8170 AND CLOSED BELOW. TO WAIT UNTIL PRICES REACH RN 8150 BEFORE TAKING SHORT TRADE.
• 09:35 - PRICES CLOSED BELOW RN. TO GO SHORT AT 8139.
• 09:49 - PRICES REVERSED. TRADE NOT FILLED. WAITING FOR BEHAVIOUR OF PRICES AT PAST S/R 8170.
• 10:16 - PRICES BROKE DOWN FROM RN. BIAS IS CLEARLY DOWN. TO WAIT UNTIL PRICES REACH PAST S/R 8090.
• 12:34 - PRICES HAVE BEEN TRADING IN 20 POINT RANGE FOR 1.5 HOURS. LOOKS LIKE DOWNSIDE IS CAPPED AT PAST S/R 8090. TO ATTEMPT BO TRADE  ABOVE RL.
• 12:41 - TRADE FILLED. E-8111. ISL-8092.
• 13:05 - SL MOVED NEAR ENTRY POINT 8106.
• 13:28 - TP AT 8140. MOVING SL TO 8114.
• 13:50 - TP HIT.