Trade Plan For 20th June, 2022
It’s Juneteenth today and it’s a holiday. The Nasdaq100 is still making HHs and HLs. It opened bullish with a new HH at 11404 and HL at 11296 and another at: 11265. As long as the market is trading above these levels, the current trend (not long term but short term) is bullish. However, there’s a wedge (bearish) meaning the bears can come back at anytime. Furthermore, if she can’t break past 11404 then it’s a bearish day (after a proper break past 11265-11240). Enjoy the holidays.
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
It’s Juneteenth today and it’s a holiday. The Nasdaq100 is still making HHs and HLs. It opened bullish with a new HH at 11404 and HL at 11296 and another at: 11265. As long as the market is trading above these levels, the current trend (not long term but short term) is bullish. However, there’s a wedge (bearish) meaning the bears can come back at anytime. Furthermore, if she can’t break past 11404 then it’s a bearish day (after a proper break past 11265-11240). Enjoy the holidays.
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
Wedge like formation plus a struggle at the 50% level at 11339. A break above past 11404 then bulls. A break below past 11240 then bears..
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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.