Bias: Longs
R:R 3:1
Confluences
Macro
Weekly - Previous candle broke ABOVE Q2 High key level @ price zone 15290.0, current
week candle retesting said key level.
Daily - Q2 high (15290.0) is also considered as a Daily Key level as well. With that being said,
this is a structural break and retest off of said Q2/Daily Key level (very similar to
what had happened to the previous trade on SPX500USD)
Daily - Fair Value Gap fill and encroachment area retest from yesterday's candle
(encroachment area lines up nearly with Q2 high/Daily key level)
4h - Fair Value Gap fill and encroachment area retested on this timeframe as well
Micro
1h/30m - Break Above and Retest off of current symmetrical Triangle market
pattern on intra day timespan
30m/15m - Current week Wednesday and Thursday US session(s) used as entry zone
15m - Entered the market on this timeframe
Remarks: Almost identical to previous trade's (SPX500USD) overall confluences as both indices have a DIRECT correlation towards each other.