The only levels I am watchingThursday’s Update
These are the only levels I’m watching for the rest of the week.
We got a nice deviation from the range low, which we were prepared for—unfortunately, I was asleep and didn’t enter. We’ve been consolidating in this range for some time now, and I’m looking to get involved on the second BOS on the way up to the range high.
Key Levels & Trade Setups
Long Setup: There’s confluence at the daily open and a nice demand zone, so I’ll be watching for an entry there.
Short Setup: Above us, we have an unmitigated 2H supply sitting in the equilibrium/premium of our range. It’s prudent to not only look for a quick short scalp there but also assess if this is an area for profit-taking on longs.
Ideal Scenarios
1️⃣ A deviation at the range high for a 15x trade.
2️⃣ A mitigation at the range low for a Trinity Model 1 setup.
Let’s see what the rest of the week brings!