Bias: Longs
R:R 5:1
Confluences
Macro
Weekly - Last week candle closed ABOVE Q2 high key level @ 15290.00
Daily - Break and Retest off of Q2 high key level (15290.00), this key level is also considered as
a Daily Key level as well
Daily - Previous 2 daily candles supported off of said key level
4h - Fair Value Buy Side imbalance Gap filled (BISI) with encroachment level being retested on
the current 4h candle (1300 UTC 4h candle) encroachment area within actual entry zone
Micro
30m/15m - Trading within bullish channel on the intra day timespan
30m/15m - Last week Friday US session zone as entry zone
5m - Entered off of this timeframe
Remarks: On the 4 hourly chart, the market pattern has NOT decided whether current condition is Bullish yet, risk minimized.
R:R 5:1
Confluences
Macro
Weekly - Last week candle closed ABOVE Q2 high key level @ 15290.00
Daily - Break and Retest off of Q2 high key level (15290.00), this key level is also considered as
a Daily Key level as well
Daily - Previous 2 daily candles supported off of said key level
4h - Fair Value Buy Side imbalance Gap filled (BISI) with encroachment level being retested on
the current 4h candle (1300 UTC 4h candle) encroachment area within actual entry zone
Micro
30m/15m - Trading within bullish channel on the intra day timespan
30m/15m - Last week Friday US session zone as entry zone
5m - Entered off of this timeframe
Remarks: On the 4 hourly chart, the market pattern has NOT decided whether current condition is Bullish yet, risk minimized.
Trade active
Position at 1:1 r:r, stops moved to breakeven ~ mitigating risk - awaiting for rest of trade to play out or stops being tapped
Trade closed manually
Position was closed at TP level 1 towards the end of trading session yesterday
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.
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.