Trade Plan For 20-24th June, 2022
I’ll be going over the timeframes, levels, and plans for this week. As usual, a new plan everyday but today, i’ll be doing a top down analysis..
The monthly timeframe is still bearish with the next bearish level at: 10789.7 and bullish level at: 11501.2, The weekly: 11001 (bearish) & 11431.5 (bullish), and finally, The daily: 10750 (bearish) & 11500-750 (bullish).. With this information, all i’ll have to do is, wait for a proper structure: HHs and HLs past 11500 will make for a bullish opening while, LHs and LLs past the 11000 will make for a bearish opening. There’s a bullish divergence with an LL on all higher timeframes but no HL meaning the bears are still in charge but the bulls stay building. The gap opening for last week is till available and I know it’s for a reason. So, I guess i’ll just wait for the market to make the first move. By the way, Monday’s a holiday. So happy Juneteenth. Have a blissful week :)
A Daily Reminder:
“Stay away from the imbalance, mid-points and avoid the “damn NYC”..
P.S: Strategy— structures
Triggers— Lhs @ resistance and HLs @ support with BOS for 41 points..
After BOS, always wait for the second candle confirmation before taking a trade..
My disclaimer:
Past profits do not predict future earnings. Risk only 1% on your account. Low risk only!!! #Daily41
I’ll be going over the timeframes, levels, and plans for this week. As usual, a new plan everyday but today, i’ll be doing a top down analysis..
The monthly timeframe is still bearish with the next bearish level at: 10789.7 and bullish level at: 11501.2, The weekly: 11001 (bearish) & 11431.5 (bullish), and finally, The daily: 10750 (bearish) & 11500-750 (bullish).. With this information, all i’ll have to do is, wait for a proper structure: HHs and HLs past 11500 will make for a bullish opening while, LHs and LLs past the 11000 will make for a bearish opening. There’s a bullish divergence with an LL on all higher timeframes but no HL meaning the bears are still in charge but the bulls stay building. The gap opening for last week is till available and I know it’s for a reason. So, I guess i’ll just wait for the market to make the first move. By the way, Monday’s a holiday. So happy Juneteenth. Have a blissful week :)
A Daily Reminder:
“Stay away from the imbalance, mid-points and avoid the “damn NYC”..
P.S: Strategy— structures
Triggers— Lhs @ resistance and HLs @ support with BOS for 41 points..
After BOS, always wait for the second candle confirmation before taking a trade..
My disclaimer:
Past profits do not predict future earnings. Risk only 1% on your account. Low risk only!!! #Daily41
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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.
Related publications
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.