-We retraced down to 50% of the 2024 up leg, finding support.
-We neatly found support at the Volume imbalance W and the midpoint of the Fair value gap M, circa 50% of said 2024 up leg.
-July has a strong bullish seasonal tendency.
~The plan would be to take partials (half off) in the gap (FVG- fair value gap) circa 4.75; and move stop-loss up to trailing.
~If this runs up hard & fast, ideal target would be the high time frame clean highs 5.24
~Timestop: End of July marks end of seasonal bull, so depending on the price action context, i'd be inclined to close the trade as we enter into August.
~If this proves bearish and i'm wrong, I would close the entire position if we come any lower than a mere peep below the late June low; stop-loss would be at 4.31
**B-ADJ toggled ON; SET toggled OFF.
**Just an idea for paper trading purposes, not financial advice.
-We neatly found support at the Volume imbalance W and the midpoint of the Fair value gap M, circa 50% of said 2024 up leg.
-July has a strong bullish seasonal tendency.
~The plan would be to take partials (half off) in the gap (FVG- fair value gap) circa 4.75; and move stop-loss up to trailing.
~If this runs up hard & fast, ideal target would be the high time frame clean highs 5.24
~Timestop: End of July marks end of seasonal bull, so depending on the price action context, i'd be inclined to close the trade as we enter into August.
~If this proves bearish and i'm wrong, I would close the entire position if we come any lower than a mere peep below the late June low; stop-loss would be at 4.31
**B-ADJ toggled ON; SET toggled OFF.
**Just an idea for paper trading purposes, not financial advice.
Trade closed: stop reached
stopped out as we broke down below the low.
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ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
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You can buy me a coffee here...
PayPal.Me/twingall
BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
ETH bep20: 0x1F0f03F184079bb1085F8C9dF3a8191C9f5869B3
PayPal.Me/twingall
BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
ETH bep20: 0x1F0f03F184079bb1085F8C9dF3a8191C9f5869B3
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.