These are the two levels I am currently looking at to trade.
If we sweep the local high at 109k then we will be trading into a zone of supply as well which is good confluence in terms of a setup, most important is going to be the reaction of price off of that level.
My higher probability setup will be around the 111k level as that is where we have multiple sets of Poor highs and it is closer to the range high. I always prefer trading near the extremities of the ranges for higher probability setups.
I would also consider a long from 103k if we get a fast flush into that level but I prefer 101-102s to long as that is at the range low.
Note:
1. Always observe reaction at key levels before entry to avoid forced trades.
2. Maintain disciplined stop loss placement especially near supply sweeps and flush longs.
3. Prioritize setups at range extremes (102k or 111k) for optimal entries aligned with your edge.
If we sweep the local high at 109k then we will be trading into a zone of supply as well which is good confluence in terms of a setup, most important is going to be the reaction of price off of that level.
My higher probability setup will be around the 111k level as that is where we have multiple sets of Poor highs and it is closer to the range high. I always prefer trading near the extremities of the ranges for higher probability setups.
I would also consider a long from 103k if we get a fast flush into that level but I prefer 101-102s to long as that is at the range low.
Note:
1. Always observe reaction at key levels before entry to avoid forced trades.
2. Maintain disciplined stop loss placement especially near supply sweeps and flush longs.
3. Prioritize setups at range extremes (102k or 111k) for optimal entries aligned with your edge.
Note
This is not a financial advise please DYOR!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.