Hey guys today is looking pretty good for us. My swing sell has gone more than 600 pips and my buy is also looking pretty good. let's see how it goes from here. I will update in the notes if I found anything.
Note
I think it's pretty safe to put our 3352.2 buys SL to breakeven now.Note
If tomorrow (friday) breaks the swing high at 3438 yesterday then next week will most probably be another green candle. (I can't be certain cause we will have JOLTS, FOMC and NFP at the same week, which will be very unpredictable for intradays, be careful)Note
signs of weaknesses :1) daily closed red, and not above 50% of the total volume (meaning not a strong rejection for buyers)
2) 1 hour timeframe made lower high, as long as there's no higher high, there is a high chance yesterday's low may break.
3) m30 has made a supply at 3367.50-3372.50, if in the next 2-3 hours we're still down here then that supply is valid to sell.
this is from pure observation, no bias involved
Note
2H perspective : the body is about to close below than yesterday's body low already. if yesterday's low breaks, then I won't buy anymore because today is the weekly close and if it wants to go down, it will just go straight down very far to meet the weekly close time limit.
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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.