MatthewLundgren

MatthewLundgren

Entry Timeframe: 1H Risk: 1.5% Reward: 6%

MatthewLundgren

Setup Timeframe: 1H Execution Timeframe: 1H Risk: 1.5% Reward: 6% Reasons for Entry: Entered a demand zone. This demand zone exists within a willis zone on the 1H chart. Reasons for SL placement: Slightly outside of the demand zone. Reasons for TP placement: Before the next supply zone, good RR.

MatthewLundgren

Setup Timeframe: D Execution Timframe: D Risk: 3% Reward: 13% Reasons for Entry: Daily candle close showed bullish rejection of 50 fib and 50 EMA on the daily, but not quite yet at the bullish TL. Also, shows rejection of a demand zone on the daily chart. Reasons for SL placement: Below the 61.8 fib zone, and below the demand zone. Reasons for TP placement: At...

MatthewLundgren

Setup Timeframe: 1H Execution Timeframe: 15M Risk: 1% Reward: 4% Reasons for Entry: Entered into a 1H demand zone, and showed rejection with a bullish engulfing candle on the 15M timeframe. Reasons for SL placement: Below the lower wicks into the demand zone. Reasons for TP placement: Good RR.

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 3% Reward: 12% Reasons for Entry: Entered a supply zone drawn on the 4H chart, and showed rejection with an 1H candle then closing back outside of it. Also lines up with a 50% bearish fib zone on the 4H chart, and a 78.6% bearish fib level on 1H chart. Also lines up with a bearish TL on 1H chart. Reasons for SL...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 9% Reasons for Entry: BRC of support, along with bearish Willis zone and bearish TL touch. Reasons for SL placement: Above the bearish TL, and above the 78.6 fib level. Reasons for TP placement: At the -0.27 fib level.

MatthewLundgren

Setup TImeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 9% Reasons for Entry: Bearish TL touch that lines up with a Willis zone on the bearish fib, as well as price is right in the 20 and 50 EMAs on the 4H, and the 200 MA is sloping downward. Currently in a bearish channel. Reasons for SL placement: Above the 78.6 fib level, and above both bearish...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 9% Reasons for Entry: Touching a bearish TL, that lines up with a 78.6% bearish fib line. Has already shown some rejection of this area. Also, showing the 200 SMA on the 4H chart as resistance. Reasons for SL Placement: Above the move recent high, and above the TLs. Reasons for TP Placement: Good...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 10% Reasons for Entry: Touch of a bearish TL, which lines up with a close with the 61.8 fib bearish level, which also lines up with a 50 EMA on the daily chart. Also lines up with a BRC of a broken support zone. Reasons for SL placement: Above the 78.6 fib level, above the bearish TL, and above the...

MatthewLundgren

Setup Timeframe: Daily Execution Timeframe: 4H Risk: 3% Reward: 9% Reasons for Entry: BRC -0.38% of a bullish TL, lines up with Willis zone on bearish fib, and up against a supply zone on the daily chart , and a 200 MA on the 4H chart. Reasons for SL Placement: Right above the 78.6 fib level, above the bullish TL, and right above a bearish TL. Reasons for...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 9% Reasons for Entry: Pullback to a broken support level for a BRC. Inside the Willis Zone between the 50 and 61.8 bearish fib levels. Right near the 50 EMA on the 4H chart. And close to touching a bearish TL. Reasons for SL Placement: At the 78.6% fib level and above the broken support and above the...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 9% Reasons for Entry: At the 61.8% bearish fib level, that lines up with a bearish TL. Below 200 EMA on 4H chart, and below all the moving averages on the daily chart. Reasons for SL Placement: In a supply zone, and above the 78.6% fib level. Reasons for TP placement: At the -0.27 fib level and a good RR.

MatthewLundgren

Setup Timeframe: Daily Execution Timeframe: 4H Risk: 3% Reward: 9% Reasons for Entry: Broke down through a bullish TL, the retest lines up in the willis zone of a bearish fib, and lines up with a supply zone, and is close to the 20 EMA on the daily, which should act as resistance. Reasons for SL placement: Above the broken bullish TL, and above the supply zone,...

MatthewLundgren

Setup Timeframe: Daily Execution Timeframe: 4H Risk: 3% Reward: 9.3% Reasons for Entry: At the 61.8% bearish fib level, which lines up with a long term bearish TL. Reasons for SL Placement: Above recent highs, above the bearish TL, and above the 78.6 fib level. Reasons for TP placement: At the -0.27 fib extension level.

MatthewLundgren

Setup Timeframe: Daily Execution Timeframe: 4H Risk: 3% Reward: 8% Reasons for Entry: Broke through a long term bullish TL and support. Retest of this support is within the Willis Zone. Reasons for SL placement: Above the 78.6% fib level and above recent highs and above the bullish TL and support levels. Reasons for TP placement: At the -0.27 fib extension level.

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 7% Reasons for Entry: Pair broke down through a major support area on the daily chart, and the retest of this support lined up with a 50% fib level. Reasons for SL placement: Right at the 78.6% fib level and above the broken support and above the 50 EMA. Reasons for TP placement: At the -0.27 fib...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: Has made a lower low breaking through a major support zone. Has a clear bearish bias. Rejecting off the 61.8% fib bearish zone which lines up with a bearish TL. Reasons for SL placement: Above the 78.6% level, and above the bearish TL. Reasons for TP placement: At the -0.27 fib...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 7.4% Reasons for Entry: Broke above a long term bearish TL, so has a bullish bias. Making higher highs and lower lows, set order right above the 61.8% bullish fib level, which also corresponds closely with a bullish TL bounce. Reasons for SL placement: Below the bullish TL, and below the 78.6% fib...