After a big dump, noticed a ms change on the 15 min timeframe, would like to trade VAL to POC and possibly VAH, but TP will be avwap, found some support on vwap, middle of new local channel. Consider the low an SFP of the monthly level, the wick touched the middle of prev month eq wick and hit a dnpoc, that's proper support. But more downside is still possible, on the htf ms is still bearish, so consider this an aggressive entry, with a tight SL, just below the monthly level. Trail SL up, allow 1k drawback
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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.