BIAS: LONG(for now)
There were multiple attempts made to break the old high at 1.22932, closing out the week a few pips below. I expect a new high to be created in the near future. If price begins falling from open ill stick with my weekly bias(long) looking to catch an entry between Mon 03:00am and Wed 11:00am from the LTF DA recently created. If price begins to climb from open ill flip my bias(short) on the week to short and look to catch a entry from the HTF PA between Mon 03:00am and Wed 11:00am within the 1.24 -1.25 price range.
There were multiple attempts made to break the old high at 1.22932, closing out the week a few pips below. I expect a new high to be created in the near future. If price begins falling from open ill stick with my weekly bias(long) looking to catch an entry between Mon 03:00am and Wed 11:00am from the LTF DA recently created. If price begins to climb from open ill flip my bias(short) on the week to short and look to catch a entry from the HTF PA between Mon 03:00am and Wed 11:00am within the 1.24 -1.25 price range.
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12/4-12/9/2022 Weekly Bias**Trade active
Buys not looking like theyll play out today either so im planning on ending the week with this trade. Currently down a little under 15 pips on the week so far.
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Stops n profit up 25 pips. Holding until around 11 am thinking I may have caught the high of the day. 115 pip take profit target HTF buy OTE
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Wanna see it continue reaching for HTF DA
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Nearing 50 pip TP1 area. looking to take partials
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Lets see if the 8:30 orange folder can push us into the buy OTE could even get that buy today tbh it all depends on how fast it gets down there or if it gets down there at all. Expecting some retracement between 5am and 7am and I have finals today and will be in class so this is likely the last update until stops reach in profit or take profitNote
Bought from here yesterday. Normal to see some consolidation here. As long as price moves up are resisted im ok with staying in the trade.
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respected the bearish OB attempting to trade through the LTF buy OTE
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Cleared both sides. Could reverse here. Normally i would tp out at 50 pips but im wanting to start catch the whole daily move 1-2 times per week to lower how frequently im in the charts
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NYO not looking terrible yet ill check back around 9am gotta go to class now.
Trade closed: stop reached
Sorry for the late update but the reversal was not in our favor stops ended up hitting in profit. not a terrible week
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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.