ASML - An exciting short trade I've been preparing for
I've been analyzing price action on ASML for a few months and am very excited to finally be entering a position here once all the confluences line up. Lots of chop recently and price is still deciding where it wants to land. Luckily, utilizing algorithms and known S&D, we can get a good picture of which way and where that will be.
Happy Trading :)
Happy Trading :)
Trade closed: target reached
All hail the algorithms! If you notice, 2 weeks later, we reached our target beautifully and with intention - our HTF teal tapered selling algorithm. As mentioned in the video, we took a trade on purple selling confirmation with the target of reaching the bottom of teal which also lines up with a known demand zone. We could've taken a long trade from here once teal held the way it did but our focus was this short!
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.
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.