Lovely impulse formation created by EJ for the past week and a half. Looking to capitalize on the fifth
provided the sufficient standard of confirmation is given. Entry will only be made after a break and
proper retest of the bullish flag created by the 4th wave. 3 TP levels set at possible 5th wave reversal
as momentum should be taking a turn given the exhausting and elongated 3rd wave.
Have a blessed trading week ahead and always be cautious but most importantly, remember to apply
consistently good risk management.
Please comment with your EJ views, I would highly appreciate it.
provided the sufficient standard of confirmation is given. Entry will only be made after a break and
proper retest of the bullish flag created by the 4th wave. 3 TP levels set at possible 5th wave reversal
as momentum should be taking a turn given the exhausting and elongated 3rd wave.
Have a blessed trading week ahead and always be cautious but most importantly, remember to apply
consistently good risk management.
Please comment with your EJ views, I would highly appreciate it.
Note
Price has broken above descending trendline, Looking for a retest to confirm long trade setup.
Buy limit order set @ 121.000
SL set where market would violate retest and previous bottom/low.
@ 120.100
Trade active
Note
Pending order triggered.
Note
Trade still active, and lingering around support. SL has been adjusted to 119.950
Trade closed: stop reached
Trade has hit my SL after invalidating the setup and breaking below the two lows
of the perceived double bottom pattern.
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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.