I Published a long term buy - see below.
However this is a short-term buy
In institutional trading, we look for Points of Interest where banks will be looking to take out liquidity or rebalance a move. So below POIs are where we will aim to enter the buy with precision and have a tight stop loss of 10-20 pips for a big Risk-Reward trade
1. Entry 1 - Circled in Yellow is the wick rejection that needs to be rebalanced
2. Entry 2 - Circled in Yellow is the Order block (if you scale down a smaller time frame you would notice it was a consolidation that got blown out.)
- Price will look to enter the open or 50% of the red candle
Manage your risk accordingly
However this is a short-term buy
In institutional trading, we look for Points of Interest where banks will be looking to take out liquidity or rebalance a move. So below POIs are where we will aim to enter the buy with precision and have a tight stop loss of 10-20 pips for a big Risk-Reward trade
1. Entry 1 - Circled in Yellow is the wick rejection that needs to be rebalanced
2. Entry 2 - Circled in Yellow is the Order block (if you scale down a smaller time frame you would notice it was a consolidation that got blown out.)
- Price will look to enter the open or 50% of the red candle
Manage your risk accordingly
Note
Longer term trading
Trade active
Trade closed: target reached
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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.
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.