Hey guys, I just got back from my vacation and am excited to get back to chart time.
Pattern Identification
Bullish Shark @ 0.7485
Trade Execution
I will monitor for price rejection at 0.7485 first before entry.
I would want the volume when it reaches the PRZ zone to be lower than the volume when it initially tested that zone at around 19/4/2017.
My entry will be at the close of the first green bar after the PRZ zone is tested.
SL will go at 0.7455
TP1: 0.7547
TP2: 0.7595
Pattern Identification
Bullish Shark @ 0.7485
Trade Execution
I will monitor for price rejection at 0.7485 first before entry.
I would want the volume when it reaches the PRZ zone to be lower than the volume when it initially tested that zone at around 19/4/2017.
My entry will be at the close of the first green bar after the PRZ zone is tested.
SL will go at 0.7455
TP1: 0.7547
TP2: 0.7595
Note
Yes it gapped up. However this idea is still valid. Do wait for price to hit PRZ before we decide whether to go long.Note
Price is right there at our PRZ.
In 20 mins, I will enter long if the candle closes with a nice long body.
I want to see volume being low to average.
Patience is paying off.
Note
changed my mind, price should go above PRZ before long. Still waiting for one final push above prz.Note
Note
Note
Still waiting for price to break above PRZ before going long. This setup is still valid.I like the volume activity at the PRZ.
Will keep you guys posted.
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.