Price opens at 50% of the previous volume area
before yesterday's close and starts trading up out of
that volume area. Entry was on the break above
the first 15-minute candle looking for a target of
the fair value gap @100.469 (70.7 IR \ 100 APP
Confluence) or @100.580 (78.6 IR).
Profit Target 3:1
before yesterday's close and starts trading up out of
that volume area. Entry was on the break above
the first 15-minute candle looking for a target of
the fair value gap @100.469 (70.7 IR \ 100 APP
Confluence) or @100.580 (78.6 IR).
Profit Target 3:1
Note
My stop loss was a bit tight as the evening went on and I ultimately decided to move it to just below 50% of the opening candle @100.06 to give it just a little more room to breathe.Trade closed: target reached
Trade successfully executed.
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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.