Stop is below the previous resistance level, if that level does break, we have other problems and this trade is invalid anyway. if it does hold however, this would be the perfect dip to buy.
H4 Trendline was Broken a long time ago .. and 2 days ago there where finally the re-test. TP1 128.978 TP2 -as shown on chart- Should have entered Yesterday already .. R:R would be far better .. still gets a 2.26R
assuming we are at the "top" this is not like my usual trades .. it may take some time
trade the bounce of the vWap .. short stop .. as the setup become invalid very quickly.
almost reached all time high .. so its either rocket up from there or bounce back hard. in case of bounce back .. te TP1 is for longer terms where TP2 is only valid for about 2 weeks
quick intraday retracement (i have no strong bias on this one ..! no trade recomentation)
i'm not very convinded of this idea as there is tons of conflicting informations out there and some major fundamental stuff going on in this week .. so we basically sitting on a ticking bomb, and it's not yet sure who has the trigger for it ..
if (!!) the orange line breaks and we have a negative vWap Reversal afterwards, it may retrace back to the 113.5 area .. however there is little evidence besides the short term trendlines to support this.
based on a quick comparision of the W1 and D1 Trendlines .. the Election (trump) did hit almost exactly the Weekly trendline. which confirmes my theory
2 trades for less risk as the following one will then have much smaller risk. i will simply double the position at 10592 AFTER the pullback to has been done and move SL to 10596 (or the trendline) to maintain the same risk
after double top discovered ( by @kikitoshi ) this looks likely .. (but iam personally not really solid on it yet)
just take on the range between 38-83% of fib extention no real confirmation for it .. maybe not worth the risk Setup becomes invalid if 10730 is reached before order filled !
not sure what to expect ... the initial move after the announcement with -0.17% is kind of weak
this is my strategy i use for quite some time with just the help of the Fibonacci extension tool and some common sense. we just need 2 things : an established trend (hh-hl-hh) this is VERY MUCH a optical thing, the more clear the trend is, the higher the success rate SILENCE !! (this works best in Asia Session US afternoon session and off session) especially...