Market Context: Price breaks previous resistance above 3030. Bullish Weekly Fair Value Gap (FVG) following around previous resistance & 50 Fibonacci.
Waiting for price to retrace back into FVG area, and making a reversal signal.
Entry Buy : 3000
Target Price (TP): 3300 (1.618 Fibonacci extension)
Stop-Loss (SL): 2900 (below FVG)
Monitoring: Track the price daily and adjust based on new market information.
Documentation: Record trade details and observations for future analysis.
Waiting for price to retrace back into FVG area, and making a reversal signal.
Entry Buy : 3000
Target Price (TP): 3300 (1.618 Fibonacci extension)
Stop-Loss (SL): 2900 (below FVG)
Monitoring: Track the price daily and adjust based on new market information.
Documentation: Record trade details and observations for future analysis.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.