We have some nice confluence above, where we left an nPoC + a level that didn't sweep on the CME chart yet.
If we can have a bit more downside first and tag last week's CME close which coincides with a high volume node, fib retrace and another nPoC, we long with tp1 and tp2 at the nPoCs above.
Invalidation: lose H4 EMA 200 and high volume node below us
You can always tighten the risk of course, but the idea stays the same.
If we can have a bit more downside first and tag last week's CME close which coincides with a high volume node, fib retrace and another nPoC, we long with tp1 and tp2 at the nPoCs above.
Invalidation: lose H4 EMA 200 and high volume node below us
You can always tighten the risk of course, but the idea stays the same.
Trade active
Pretty happy with how that played out.Could take some profit here, I'm holding for higher with stops at breakeven.
Trade closed: target reached
tp1 hit
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Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.