Some idea came to my mind. The long-term trend is up. On the daily, it is obvious we are in a consolidation area. Weekly is bullish, Daily is bullish, but...
Open the 4 Hour chart or the 2 Hour one and it won't be hard to spot all measured moves or AB=CDs. Each one of them was a great opportunity for a small stop-big reward trade. See the blue line that is pressing the price down. I am conscious of the 200 EMA support, but there are 2 major scenarios from here.
Either a breakout of this line now, or we may play a fakeout on the short side if we have a price action signal short. I am as usual a fan of taking the way in which the majority of the people are trapped - which here is the short side.
It will give room for some 1 to 3+ RR trade if you don't scale out which is not bad at all.
Wanted to share the chart as it is almost like a lesson in AB=CD moves.
Open the 4 Hour chart or the 2 Hour one and it won't be hard to spot all measured moves or AB=CDs. Each one of them was a great opportunity for a small stop-big reward trade. See the blue line that is pressing the price down. I am conscious of the 200 EMA support, but there are 2 major scenarios from here.
Either a breakout of this line now, or we may play a fakeout on the short side if we have a price action signal short. I am as usual a fan of taking the way in which the majority of the people are trapped - which here is the short side.
It will give room for some 1 to 3+ RR trade if you don't scale out which is not bad at all.
Wanted to share the chart as it is almost like a lesson in AB=CD moves.
订单已取消
The breakout scenario played out and invalidated this idea. There was no price action confirmation in the form of some good bear bar so this idea didn't play out. At the moment it looks like we might have a Gartley222 Short from the 78% Fib level, but this is a topic for another idea.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。