Trade Plan For 27th June, 2022
next bull level: 12236, 12250,12292.. currently the market's struggling at 12180-12197). the question is: are the bulls even strong enough to keep this going? here's a tip: a break past any hh automatically turns resistance into support making room for more bulls and a break past any hl makes room for bears because support becomes resistance and that point automatically becomes a lh (bear structure). using this information i can say that if the bulls can't break past the current hh at 12197 then these bears will find their way in. the hls are: 12020 and 11960. these are areas to pay attention to because as long as the nas100 is trading above these levels, it's bullish. so for today, i'll be waiting for those breakouts to take a trade (any trade). the current trend is still short term bullish.
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
next bull level: 12236, 12250,12292.. currently the market's struggling at 12180-12197). the question is: are the bulls even strong enough to keep this going? here's a tip: a break past any hh automatically turns resistance into support making room for more bulls and a break past any hl makes room for bears because support becomes resistance and that point automatically becomes a lh (bear structure). using this information i can say that if the bulls can't break past the current hh at 12197 then these bears will find their way in. the hls are: 12020 and 11960. these are areas to pay attention to because as long as the nas100 is trading above these levels, it's bullish. so for today, i'll be waiting for those breakouts to take a trade (any trade). the current trend is still short term bullish.
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 19 chart study..
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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.