We Are clearly still Long also we have some space until reaching the "Discount" Zone where I aim shorting howver until then The Trend Is Your Friend
I have micro tuned and managed the Setup to have the optimal RR while still maintaining logical and valid positioning.
Important is that my TP is not yet engraved in Stone meaning I have to react to how the market...
We are currently in a bearish trend meaning I am prone to selling. i have found a very strong Level that includes a market equilibrium zone. Also we see a Wyckhoff that suports my Idea and Setup idea.
SL can be adjusted for Traders who want to play it even safer however in my expirience its placed were it belongs
Take profit is traded into the Break of new Low...
This Zone is even more superior than the MGZ which I published before and eventhough we did get a perfect entry and a reaction from the market. Important is to react to current Market events and therefore my TP is always adjusted (Sometimes bigger than excpected and sometimes smaller)
We see that we are in a strong Bullish Trend.
We see BOSs in various dimensions and a very expected strong Retracement.
Also the high DELTA is shows a high potential for liquidity in the price range
Again i use a tight SL and a realistic TP
The Supirior Time (W1) Period is rather Bearish than Bullish and we see that we had a healthy retracement to the Golden Zone. We still see open liquidity + inbalances in the market which is a strong indication for me that the market is drawn to this price. Above my entry i dont see alot of valid reasons why the market should continue to push further up. Thats why...
