Long
Blackham smart money coming in?
-3 Week pennant
-Huge volume at 0.035 floor which has served as support in the past
-There has been a notable shift from illiquid pinbars, blocks and gaps, to liquid, normalized trading ranges
-Bol Band squeeze on the daily signaled this potential reversal
Willing to take 30 basis points of risk on a break to the upside. The scenario exists that there could be chop before a decisive move ensues
Measured move depicted in graph but will more likely trail stops under 30EMA
-Huge volume at 0.035 floor which has served as support in the past
-There has been a notable shift from illiquid pinbars, blocks and gaps, to liquid, normalized trading ranges
-Bol Band squeeze on the daily signaled this potential reversal
Willing to take 30 basis points of risk on a break to the upside. The scenario exists that there could be chop before a decisive move ensues
Measured move depicted in graph but will more likely trail stops under 30EMA
Note
Buy order in place. unfortunately no margin products availableTrade active
Order filled, Long 30 basis pointsNote
Stop moved 0.090Note
Correction, 0.089Trade closed: stop reached
Upsetting, was quite optimistic on this one. But when the chart turns sour, its time to get out.
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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.