After last week's high momentum bullish move, the last few days has resulted in a consolidation with a price ceiling that has been tested about 4 times - equal high liquidity zone.
Ideally i would like a pull back to trigger a bullish move.
+ve:
1. equal high liquidity that has been tested 4 times
2. continuing with bullish momentum
-ve:
1. Large imbalance below this zone which could draw price lower
Ideally i would like a pull back to trigger a bullish move.
+ve:
1. equal high liquidity that has been tested 4 times
2. continuing with bullish momentum
-ve:
1. Large imbalance below this zone which could draw price lower
Note
TP placement - Next target zone going through imbalanceSL placement - may seem aggressive to some people - but if price goes below - nothing stopping it til the next zone and hence i want to get out of this trade.
Note
Price provided a big push up reinforcing the direction of the market - i will keep the trade open and wait for an entry. Note
Price if quite bullish and i may remove my trade - but for now i want to watch and see what happens.there are 2 addition ideas:
1. if price reached the top zone, i will enter on a confirmed pivot bearish.
2. if price pulls back today or tomorrow, then a bullish buy is in order to the top zone. in that case i will keep my existing trade open and wait for a confirmation buy to add to the idea.
Order cancelled
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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.