Part 1 - The Overview
1) Daily IT Bullish / 4H IT Bullish
2) Price broke out of channel and daily resistance.
3) 4H channel retest is next entry target.
4) Monthly Sentiment - Bearish / Weekly Sentiment - Bullish
Part 2 - The Day-2-Day
5) 15M/1H MS has been structured.
6) Market showed strength and did not pullback to retest yesterday's Value Area (VA)
7) Today's VA built support below the channel boundary.
8) Waiting for a rejection of the Daily level, although not guaranteed.
9) VA + Boundary + 61.8% of 15M structure will be target entry, with initial TP tight.
Part 3 - Execution
10) Alerts set above base of today's VA
11) Looking to trade with the trend. No trades at current position.
12) Prepared for pullback to VA for entry. Partial profit taking quickly to mitigate risk, because better long entry exists, even following a correction deeper than today's VA.
1) Daily IT Bullish / 4H IT Bullish
2) Price broke out of channel and daily resistance.
3) 4H channel retest is next entry target.
4) Monthly Sentiment - Bearish / Weekly Sentiment - Bullish
Part 2 - The Day-2-Day
5) 15M/1H MS has been structured.
6) Market showed strength and did not pullback to retest yesterday's Value Area (VA)
7) Today's VA built support below the channel boundary.
8) Waiting for a rejection of the Daily level, although not guaranteed.
9) VA + Boundary + 61.8% of 15M structure will be target entry, with initial TP tight.
Part 3 - Execution
10) Alerts set above base of today's VA
11) Looking to trade with the trend. No trades at current position.
12) Prepared for pullback to VA for entry. Partial profit taking quickly to mitigate risk, because better long entry exists, even following a correction deeper than today's VA.
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.
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.