FTSE 100 IndexLong
UK100 potential MASSIVE LONG!! (Daytrading strategy)
Hello traders,
At the moment we have a very, very reliable trade coming up, when market structure changes.
We have seen the bullish move we needed to see, followed by a solid and slow corrective phase.
The market structure stablised and showing us some consolidation now.
The thing we expect to happen is that we will see one more bearish move to take out the stoplosses.
After this fake-out into the lowest orange area we will see bulls take-over.
Untill we broke the higher orange area we dont take an entry, because market structure is still bullish.
Also, after we break market structure we break the counter-trendline wich could hold us down.
So, we need a break of structure, break of counter-trendline, retest of structure and than the entry.
Kind regards.
Tim.
At the moment we have a very, very reliable trade coming up, when market structure changes.
We have seen the bullish move we needed to see, followed by a solid and slow corrective phase.
The market structure stablised and showing us some consolidation now.
The thing we expect to happen is that we will see one more bearish move to take out the stoplosses.
After this fake-out into the lowest orange area we will see bulls take-over.
Untill we broke the higher orange area we dont take an entry, because market structure is still bullish.
Also, after we break market structure we break the counter-trendline wich could hold us down.
So, we need a break of structure, break of counter-trendline, retest of structure and than the entry.
Kind regards.
Tim.
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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.