Hit the high-timeframe support area.
Hunted the stops below the initial wick.
Looking for some (ping-pong) consolidation here followed by a squeeze to the upside in the next few days.
Targeting 10447-10540 area.
Hunted the stops below the initial wick.
Looking for some (ping-pong) consolidation here followed by a squeeze to the upside in the next few days.
Targeting 10447-10540 area.
Note
Playing out within the expectations so far.We see increased selling pressure here in the 10200s now.
Many people are shorting this level.
I'd like to see them squeezed by the end of the day.
One glorious candle as soon as 10250 gets broken would be something we want to see.
Any pullbacks from here should be absorbed at lowest in the 10080-10060 area, ideally above 10100.
Trade closed: target reached
Thanks for playing.
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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.