Dow Jones Day Trading Idea ( Breakout/ Pullback ) 45,000 Area
Now that price broke out of 45,000, I am looking for the pullback into 45,000 area/open price area for the breakout/pullback.
The bias today is obviously bullish and can possibly hold until the close. Target area of 45,300
The bias today is obviously bullish and can possibly hold until the close. Target area of 45,300
Note
Because FOMC is tomorrow, I can see it blasting up to the highs for the completion of the Daily range rotation. If I can get a good entry in today, I will hold tomorrow for the highs.Trade active
I got filled right at the open price. I will just target a 3:1 for today. I am using a 120 tick stop and a 360 tick target.Filled at 44,906
Trade closed manually
I closed this trade for 130 ticks around the market close. Able to secure just a 1:1 even though I held all day for a 3:1I can't control what the market does after I enter in my position.
Note
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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.