potential buy
Updated
I am long because;
1. Price is at support levels, both trendline & D1/4H tf
2. JPYX is showing a sign of downwards retracent
3. Need to fill the imbalance area
4. AO shows divergence in 4H & 1H tf
5. Stoch Osc & RSI are at overbought level
Execution plan:
1. Wait for HH and HL to form in 15 min / 1H tf. No trade if no setup.
2. Stoplaoss is below the 1H previous candle.
3. Trail stoploss because the market is very volatile.
4. Divide my risks/trades into 3 equal lot sizes and targets according to the grey dashed lunes.
5. If break support the idea is invalid.
1. Price is at support levels, both trendline & D1/4H tf
2. JPYX is showing a sign of downwards retracent
3. Need to fill the imbalance area
4. AO shows divergence in 4H & 1H tf
5. Stoch Osc & RSI are at overbought level
Execution plan:
1. Wait for HH and HL to form in 15 min / 1H tf. No trade if no setup.
2. Stoplaoss is below the 1H previous candle.
3. Trail stoploss because the market is very volatile.
4. Divide my risks/trades into 3 equal lot sizes and targets according to the grey dashed lunes.
5. If break support the idea is invalid.
Trade closed: stop reached
Stopped out at 131-264 with some profit
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