I took this as a swing trade. Trend momentum fundamental analysis identifying trend on the intermediate time frame with breakout identified. Within breakout box (in green) the 15 low time frame was used to identify a quality demand zone with high probability of institutional buying via the fixed volume profile indicator. Good risk to reward by my trade plan for a...
uptrend off uptrend
upper Bollinger band
above 20 day moving average
weekly zones red/blk = supply & green/blk = demand
trend reversal on weekly confirmed at weekly demand zone
I am using a trend analysis approach looking at the high timeframe reversal identified by the head/shoulders indicator. Skill level=intermediate so all criticism accepted and any questions of course..
