Long:
Put a long there as it broke the 3M trend, therefore I fine-tuned the zone into a 1M liq line. Pretty risky trade now as it went in the 15M zone again. So the zone itself is touched. Therefore, I am deleting the long trade.
Short:
I am hoping to trade the C leg of this ABC wave down. We see an Elliot wave 12345 followed by an ABC correction and were hoping to see a larger ABC move down again. Entry is on the 1M fine-tuned liq line all the way down from a 4H zone. Negative about this trade is that the zone has been created by a news event.
Put a long there as it broke the 3M trend, therefore I fine-tuned the zone into a 1M liq line. Pretty risky trade now as it went in the 15M zone again. So the zone itself is touched. Therefore, I am deleting the long trade.
Short:
I am hoping to trade the C leg of this ABC wave down. We see an Elliot wave 12345 followed by an ABC correction and were hoping to see a larger ABC move down again. Entry is on the 1M fine-tuned liq line all the way down from a 4H zone. Negative about this trade is that the zone has been created by a news event.
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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.