The 2 previous lows (x) were taken by the daily candle on Jan 13th (check mark). False break on candle the day after. Compression for the following 3 days inside of the green candle on the 14th. Entry at 3600. Stop placed below the low of the false break at 3470. Each take profit is a zone of supply and the last take profit is the top of the price range. Most profits will be taken at the 3800 level
Trade setup follows the analysis of the possible fractal I posted yesterday.
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.
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.