https://www.tradingview.com/x/EsN2rAaf/
Hello everyone! In this idea I have posted a picture of my current setup. I have taken a long positions once the 1 hour candles broke out of and closed beyond this range (Box) My SL is just the other side of this box and I am targeting the ATH on this position.
If another 1 hour box starts to form higher up I will simple add another position and move Stop losses accordingly.
although we have moved back within the range, the buy pressure is squeezing the candles to the top side of this range. This is why I am execting an explosive move. Once sellers are exhuasted it will propell itself to the next key level.
Let me know what you think.
I am not a financial adviser. Trade at your own risk.
Hello everyone! In this idea I have posted a picture of my current setup. I have taken a long positions once the 1 hour candles broke out of and closed beyond this range (Box) My SL is just the other side of this box and I am targeting the ATH on this position.
If another 1 hour box starts to form higher up I will simple add another position and move Stop losses accordingly.
although we have moved back within the range, the buy pressure is squeezing the candles to the top side of this range. This is why I am execting an explosive move. Once sellers are exhuasted it will propell itself to the next key level.
Let me know what you think.
I am not a financial adviser. Trade at your own risk.
Trade active
15 minute candle has closed way beyond the box. Setup is working as intended. Anything can happen tho. Note
Possibly performing a break and retest of the drawn zone, will see how price reacts here. Note
Still holding position open regardless of that aggressive sell pressure. Note
Lets see if it can break back above and move higher now 
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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.