I was going to wait for a break but I changed my mind and still buy bias
My confluences
1. 3RD trend line touch
2. 1.8 sup touched at the same time
3. Buyers market
4. 1 hour candle is a bullish piercing line
5.-25/-27 retracement and the 61.8% retrace match up perfectly with TP( quarter level theory ) and structure
6. on the 4 hour we see a lot of bearish engulfing patterns, I mean they are huge, But they aren't bringing price down so I think there's a lot of liquidity of sellers that are going to be collected
Things that can go wrong
1.StopHunt
2.My SL is to tight
3. I am wrong
4.Bad timing in the market
5.fundemtnal
6. My buy limit already got hit so am good actually
This a super aggressive trade with a aggressive SL.
My confluences
1. 3RD trend line touch
2. 1.8 sup touched at the same time
3. Buyers market
4. 1 hour candle is a bullish piercing line
5.-25/-27 retracement and the 61.8% retrace match up perfectly with TP( quarter level theory ) and structure
6. on the 4 hour we see a lot of bearish engulfing patterns, I mean they are huge, But they aren't bringing price down so I think there's a lot of liquidity of sellers that are going to be collected
Things that can go wrong
1.StopHunt
2.My SL is to tight
3. I am wrong
4.Bad timing in the market
5.fundemtnal
6. My buy limit already got hit so am good actually
This a super aggressive trade with a aggressive SL.
Note
We don't play around here.
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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.