TOBA Potential Buy
1. Trend Confirmation:
Identified a Change of Character by the break of the previous high at 312 & 500, indicating a reversal in market sentiment and a new bullish trend.
2. Fair Value Gap (FVG):
On the Weekly chart & Daily Chart, identified Fair Value Gap between 470 - 496.
3. Trade Execution
Entry Price: TBA if price entered FVG
SL: 460-474 (below Daily & Weekly FVG)
TP1: 1050-1070 (Fibo 161.8%)
Risk-Reward Ratio (RRR): 1:8
Monitoring: Check-in daily closing price
4. Outcome:
Exit Price:
Profit/Loss: pips
-------------
Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Identified a Change of Character by the break of the previous high at 312 & 500, indicating a reversal in market sentiment and a new bullish trend.
2. Fair Value Gap (FVG):
On the Weekly chart & Daily Chart, identified Fair Value Gap between 470 - 496.
3. Trade Execution
Entry Price: TBA if price entered FVG
SL: 460-474 (below Daily & Weekly FVG)
TP1: 1050-1070 (Fibo 161.8%)
Risk-Reward Ratio (RRR): 1:8
Monitoring: Check-in daily closing price
4. Outcome:
Exit Price:
Profit/Loss: pips
-------------
Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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.