Trade Direction:
FET: Spot Long
Position Strategy:
-Risk approx 1% spot
- Layered bids down to 0.636 with first filled here at market 0.692
- Avg entry if all are filled will be 0.668
Reason for Entry:
- Strong multi-timeframe support confluence:
- 3D breaker block
- 3D fair value gap
- Weekly fair value gap
- OTE retracement
- 3D candle close is extremely bullish at support
Trade Notes:
- This is a swing spot play
- Will reassess if full fills hit and structure changes
FET: Spot Long
Position Strategy:
-Risk approx 1% spot
- Layered bids down to 0.636 with first filled here at market 0.692
- Avg entry if all are filled will be 0.668
Reason for Entry:
- Strong multi-timeframe support confluence:
- 3D breaker block
- 3D fair value gap
- Weekly fair value gap
- OTE retracement
- 3D candle close is extremely bullish at support
Trade Notes:
- This is a swing spot play
- Will reassess if full fills hit and structure changes
Trade active
Couple of other fills executed. for clarity, I did secure a hedge short on FET when it came into big resistance at 0.71. This is to mitigate any losses should the idea be invalid, that short is risk free fyi.
Note
Note, risk is 0.5% due to the hedge short secured.
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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.