2 SCENARiOS. I AM SETTiNG UP MY ORDERS TO PLAY OUT THE FIRST ONE.
1) iF WE HAVE STRENGTH TO GO ABOVE RESiSTANCE NOW, I THiNK WE SHOULD GO UP TO 56 LEVEL.
2) ANOTHER WAY WE MAY TOUCH THE SUPPORT LEVEL AT 46 AND CONTiNUE UPWARD MOVEMENT FROM THERE.
========================================
TRADE DETAiLS::
TRADE:: LTC_3
STATUS:: PLACED
TYPE:: LONG
SIGNAL:: 1H,4H MFI
FILTER:: PRiCE ACTiON
VOLUME:: $2100
ENTRY:: 51.41
TP:: 8%
SL:: 1,68%
PROS::
1.UPWARD MOMENTUM
2.HISTORICAL R/S LEVEL
3.30D ACCUMULATiON, iSN'T iT TiME FOR SOME DiSTRIBUTION?
CONS::
1.LADDERiNG STRUCTURE OF GOiNG UP. IT MiGHT BE NOT A BREAKOUT TYPE OF DEAL
2.KEEP iN MiND TO GO LONG FROM A LOWER LEVELS
OVERALL:: WHAT IF I SHOULDN'T FIX MY PROFITS AT 56 LEVEL? CONSIDER TO RUN YOUR POSiTION FOR SOME MORE PROFiTS, IF THAT'S REAL BREAKOUT
1) iF WE HAVE STRENGTH TO GO ABOVE RESiSTANCE NOW, I THiNK WE SHOULD GO UP TO 56 LEVEL.
2) ANOTHER WAY WE MAY TOUCH THE SUPPORT LEVEL AT 46 AND CONTiNUE UPWARD MOVEMENT FROM THERE.
========================================
TRADE DETAiLS::
TRADE:: LTC_3
STATUS:: PLACED
TYPE:: LONG
SIGNAL:: 1H,4H MFI
FILTER:: PRiCE ACTiON
VOLUME:: $2100
ENTRY:: 51.41
TP:: 8%
SL:: 1,68%
PROS::
1.UPWARD MOMENTUM
2.HISTORICAL R/S LEVEL
3.30D ACCUMULATiON, iSN'T iT TiME FOR SOME DiSTRIBUTION?
CONS::
1.LADDERiNG STRUCTURE OF GOiNG UP. IT MiGHT BE NOT A BREAKOUT TYPE OF DEAL
2.KEEP iN MiND TO GO LONG FROM A LOWER LEVELS
OVERALL:: WHAT IF I SHOULDN'T FIX MY PROFITS AT 56 LEVEL? CONSIDER TO RUN YOUR POSiTION FOR SOME MORE PROFiTS, IF THAT'S REAL BREAKOUT
Note
PRICE FELL FOR A SECOND (YELLOW) SCENARIO. I WILL TRADE A BREAKOUT IF IT GOES ABOVE 49Disclaimer
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.