I recently was awakened to Hurst and his cycle analysis. Going long out of cycle troughs has been good to me. Now with Sentient, FLDs are a new trade option for me.
Eur/Usd was moving up yesterday so I looked for any major FLD’s that would give it resistance.
The 40 week FLD was at 1.1570 and the 10 day and 80 day FLDs cross target was also 1.1570.
I shorted at 1.1565 with a stop loss at 1.16
Watching how price crossed the 5hr FLD and retraced back to it and then headed down to the 1 day FLD and back and forth between the two. Pretty impressive.
I did exit a couple points before the 1 day FLD target. Good profit