Trade Plan For 23rd June, 2022
I remember saying the bulls had to give me a Hl for their comeback which they did. The bears gave us a Lh without a Ll which wasn’t so bearish. The bulls came in and even broke past 11681 as expected.
Today the nasdaq100 is still going back n’ forth between 11700 & 11470 (higher timeframe).. However, on the lower timeframes we have bullish structures.
New Hls at 11461 has been created and Hhs at: 11700. There’s a little imbalance though because there’s a Lh also 11636. Because we still have Lhs and Hls i’ll have to wait for a breakout before I decide. I mean now the market has the bulls in control but I don’t think the bears are leaving anytime soon. So i’ll be watching 11553 (break above then more bulls) and 11478 (break below, more bears)
Next level for bears: 11470.6 & 11223.6
Next level for bulls: 11786.7 & 11897.7
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 remember saying the bulls had to give me a Hl for their comeback which they did. The bears gave us a Lh without a Ll which wasn’t so bearish. The bulls came in and even broke past 11681 as expected.
Today the nasdaq100 is still going back n’ forth between 11700 & 11470 (higher timeframe).. However, on the lower timeframes we have bullish structures.
New Hls at 11461 has been created and Hhs at: 11700. There’s a little imbalance though because there’s a Lh also 11636. Because we still have Lhs and Hls i’ll have to wait for a breakout before I decide. I mean now the market has the bulls in control but I don’t think the bears are leaving anytime soon. So i’ll be watching 11553 (break above then more bulls) and 11478 (break below, more bears)
Next level for bears: 11470.6 & 11223.6
Next level for bulls: 11786.7 & 11897.7
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
Note
day 17..
Trade active
Trade closed: target reached
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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.