if the price holds POC. omega entry on GJ will be good to take. since L50 seems to be swapping to sell zone. Grade B risk here.
Note
high EV play here on GJ will be if it pulls back to PD AVWAP and we go long in 2 breaks -
1st position after tag and rejection of PD AVWAP
2nd position will be an addition once price clears and sustains over POC.
Trade active
part risk in.
will add upon tag and rejection of PD AVWAP.
I have given this position more room to move by putting SL below the low volume node.
Note
above comment - something like this
Trade active
both positions active
Note
GJ has been trying to clear today's AVWAP but hasn't succeeded yet.good thing that I started with 2 positions. 1R tagged in the second position and so I was able to book 0.8R on it, reducing overall risk on this trade.
PS. I did not over risk on this trade. my original size for Grade B is 0.3% so I started with 0.10% on 1st position and 0.20% on second one.
so essentially I can't lose money on this trade. even if it stops me out now, I will walk away with small profit. decent risk management
Trade closed: target reached
both positions off. booked. it's NFP friday to day so I am not going to get greedy now.
Cheers
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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.