Disclaimer: This is for me to learn a new strategy. Any feedback is appreciated. This practice for me as an assignment and not financial advice for anyone. I may be completely wrong.
Now, as I look at my 4-hour chart. I see a within an upward channel, bullish pressure that is climbing. If a breakout over 308.42, enter with a target at 311.61. Final target 313.05, looking for price to exhaust, then possible reversal based on macro factors. Supply zone 311.61-313.85.
Now, as I look at my 4-hour chart. I see a within an upward channel, bullish pressure that is climbing. If a breakout over 308.42, enter with a target at 311.61. Final target 313.05, looking for price to exhaust, then possible reversal based on macro factors. Supply zone 311.61-313.85.
Note
Correction .... On my Tradingview chart its the 1-hour, not 4-hour. Looking for small pullback to 305.08-305.13 area. Higher timeframe shows pullback to 297 area, but I am not sure about such a steep pullback with the economy opening. G7 meeting today, and ADP Non-Farm Employment Change came in at -2760k versus the -9000k forcasted.
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.