US30 ANALYSIS 15 - 19 FEB
Updated
ANALYSIS
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DAILY TF: BULLISH ENGULFING
4HR TF: IN A CONSOLIDATION PHASE
PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING BUYS BASED ON DAILY TF BIAS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELLS TRADES
ENTRY REASON
--------------------
- BREAK OF CORRECTION PHASE
STOP LOSS @ TO BE DETERMINED AFTER CORRECTION
TAKE PROFIT @ NEXT ZONE
--------------
DAILY TF: BULLISH ENGULFING
4HR TF: IN A CONSOLIDATION PHASE
PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING BUYS BASED ON DAILY TF BIAS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELLS TRADES
ENTRY REASON
--------------------
- BREAK OF CORRECTION PHASE
STOP LOSS @ TO BE DETERMINED AFTER CORRECTION
TAKE PROFIT @ NEXT ZONE
Note
Trade closed manually
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