Trade Report:
Entry:
FVG Retest: You entered near the Fair Value Gap (FVG) where price pulled back into the zone.
Entry Confirmation: The entry likely occurred when the price began to reject the FVG, signaling potential bullish momentum.
Target Levels:
First Target: You likely aimed for the supply zone, where sellers have previously pushed the price down. It seems this level was hit, resulting in your take profit.
Price Action:
After hitting the supply zone, price experienced some consolidation, indicating a potential distribution area or hesitation at that resistance.
Breakout Possibility: If the price breaks above this supply zone with strong momentum, there could be further bullish continuation.
Profit-Taking:
profit-taking was well-timed as the price entered the supply zone, indicating a key resistance level.
profits at such critical zones reduces risk and secures gains before potential reversals.
Next Steps:
Watch for a Breakout: If price breaks above the current resistance (supply zone), you might look for re-entry opportunities for a continued bullish run.
If Rejected: If price gets rejected at this level, it could signal the start of a reversal, and you can prepare for potential short positions.
Great execution!
Entry:
FVG Retest: You entered near the Fair Value Gap (FVG) where price pulled back into the zone.
Entry Confirmation: The entry likely occurred when the price began to reject the FVG, signaling potential bullish momentum.
Target Levels:
First Target: You likely aimed for the supply zone, where sellers have previously pushed the price down. It seems this level was hit, resulting in your take profit.
Price Action:
After hitting the supply zone, price experienced some consolidation, indicating a potential distribution area or hesitation at that resistance.
Breakout Possibility: If the price breaks above this supply zone with strong momentum, there could be further bullish continuation.
Profit-Taking:
profit-taking was well-timed as the price entered the supply zone, indicating a key resistance level.
profits at such critical zones reduces risk and secures gains before potential reversals.
Next Steps:
Watch for a Breakout: If price breaks above the current resistance (supply zone), you might look for re-entry opportunities for a continued bullish run.
If Rejected: If price gets rejected at this level, it could signal the start of a reversal, and you can prepare for potential short positions.
Great execution!
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.