based on my analysis there is a high probability of GJ continuing bullish.
my technical confluences; the bigger trend is bullish on the daily.
price is making structure and broke the previous support and resistance on the 4h and its trending above both ema's which indicates a strong bullish trend.
then I went to the 1h for an entry signal.
I got in into this trade as soon as the price broke the zone wth a momentum candle on the 1h ( i trade the breakouts) after the price started ranging due to lack of liquidity.
sentimental confluence; 77% of retail traders are short so ain't a no better time than this to go long.
my RM:
RISK;1%
RRR; 3.1
SL: bellow previous LH
TP; previous swing
PS;
I have an 80% probability of this trade turning into a winner, always think of probabilities.
no trailing stops I am letting the trade play I managed my risk and that is what matters.
protect ur capital then make money.
my technical confluences; the bigger trend is bullish on the daily.
price is making structure and broke the previous support and resistance on the 4h and its trending above both ema's which indicates a strong bullish trend.
then I went to the 1h for an entry signal.
I got in into this trade as soon as the price broke the zone wth a momentum candle on the 1h ( i trade the breakouts) after the price started ranging due to lack of liquidity.
sentimental confluence; 77% of retail traders are short so ain't a no better time than this to go long.
my RM:
RISK;1%
RRR; 3.1
SL: bellow previous LH
TP; previous swing
PS;
I have an 80% probability of this trade turning into a winner, always think of probabilities.
no trailing stops I am letting the trade play I managed my risk and that is what matters.
protect ur capital then make money.
Trade closed: target reached
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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.
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.