Here is a buy i taken today.
I noticed at market open this morning a squeeze, so marked up my sell side and buy side trend lines.
I then waited for a 5 minute candle close on the breakout for entry, which was a big engulfing candle with volume.
extra confirmation:
price holding above the 50EMA
stop loss was below the previous higher low (21 pips)
Target of 3:1 R&R resulting in a 65 pip gain.
3% winning trade to start the week.
I noticed at market open this morning a squeeze, so marked up my sell side and buy side trend lines.
I then waited for a 5 minute candle close on the breakout for entry, which was a big engulfing candle with volume.
extra confirmation:
price holding above the 50EMA
stop loss was below the previous higher low (21 pips)
Target of 3:1 R&R resulting in a 65 pip gain.
3% winning trade to start the week.
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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.