If structure follows, I will be looking to take reversal post NY open and short this once Buy Side liquidity gets taken out.
TP's will target Liquidity from the London session lows.
Looking to sweep London Highs (SSL) to Sweep down and take out previous day's lows. I will enter post NY Open if there is a BOS after sweep with CHoCH.
Simple break and potential rejection of previous resistance. I'll be risking 3% of my capital on this trade because anything can happen. I advise you do the same also. What you can see is a buy stop order which will capture the momentum upward.
K.I.S.S- Keep It Simple Stupid
I have numerous confirmations to long DJ next week. We are in an uptrend and are aiming to clear previous highs, I'll be looking for a retracement of broken structure and will place a buy stop to take advantage of the potential movement upwards.
