Continued Bullish Momentum
Updated
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.
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