2023 March 17 NAS100USD
Updated
Risk/Reward
TP1 ~ 3:1
TP2 ~ 7:1
Confluences
Macro
Weekly - Timeframe support off of a Monthly/Weekly key level at price zone 12100.0 - 12000.0
4h - Downtrend trendline has now been broken and is now currently retesting it, an indication of a market condition transition from bearish to bullish.
4h - recent market structure high broke past previous structural high, creating a new higher high indicating that the current downtrend has been broken
Micro
15m - last week Wednesday US session zone and Tuesday US session zone used as entry zone as it is in-tune with the current counter trend retest.
15m/5m - Bullish support candle(s) off of said entry zone used as entry point.
Remarks: Very clean setup on the 4h chart, was definitely super obvious.
TP1 ~ 3:1
TP2 ~ 7:1
Confluences
Macro
Weekly - Timeframe support off of a Monthly/Weekly key level at price zone 12100.0 - 12000.0
4h - Downtrend trendline has now been broken and is now currently retesting it, an indication of a market condition transition from bearish to bullish.
4h - recent market structure high broke past previous structural high, creating a new higher high indicating that the current downtrend has been broken
Micro
15m - last week Wednesday US session zone and Tuesday US session zone used as entry zone as it is in-tune with the current counter trend retest.
15m/5m - Bullish support candle(s) off of said entry zone used as entry point.
Remarks: Very clean setup on the 4h chart, was definitely super obvious.
Note
Market DID NOT hit the overall take profit level, BUT all positions have already been closed last night nearing the said tp level. Thus, concluding this trade.
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