US30 Long Bias
Hello traders!
Hope you are all well.
I have my eyes set on this long position on the Dow. As you can see there are 2 solid demand zones.
3 options we have here:
1 - Combine both demand zones and increase risk on the position accordingly.
2 - Take the first trade from the higher zone, and if it breaks, buy the bottom demand zone.
3 - risk missing the first trade and wait for the bottom demand zone.
I will personally go with option number 2.
A new all time high is expected! Let's see! I am entering the trade the moment price hits the demand zone.
But, trade safe! ;)
Until next time!
Hope you are all well.
I have my eyes set on this long position on the Dow. As you can see there are 2 solid demand zones.
3 options we have here:
1 - Combine both demand zones and increase risk on the position accordingly.
2 - Take the first trade from the higher zone, and if it breaks, buy the bottom demand zone.
3 - risk missing the first trade and wait for the bottom demand zone.
I will personally go with option number 2.
A new all time high is expected! Let's see! I am entering the trade the moment price hits the demand zone.
But, trade safe! ;)
Until next time!
Trade active
Beautiful reaction!! Eyes on 39600
Note
The DOW downward move had mitigated a nice confirmation zone on the 2H-3H TF.Either way, I'm still in the trade!
Note
Still in this trade.Note
I moved my SL to entry personally. If it hits BE, i will re enter from bottom demand. As a long bias is still valid in my opinion.
Note
still going UP! :)Trade closed: target reached
Trade is still running very well! I will look to close now. +3.5 R
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.