Looking bullish on 1hr structure
**this is purely for educational purpose**do it at your own risk**
1. Trending stock
2. good structure on 1hr TF
3. good amount of volume
4. a nice pullback
5. if RSI is not breaking 40 on 1hr TF level and price 128/130
6. if it’s a gap down and trend continues down, 125 should be the target on short side
Long:
Entry:130/125 (if gaped down)
Exit:
T1 - 133.5/130 (if gaped down)
T2 - 136.5
T3 - 137-140
SL: 128.5/123.6 (if 125 entry)
Short:
Entry: 128/9
Exit: 125 Long:
SL: 131.50
Long RR: 2-4
Short RR: 1.59 (not great one)
1. Trending stock
2. good structure on 1hr TF
3. good amount of volume
4. a nice pullback
5. if RSI is not breaking 40 on 1hr TF level and price 128/130
6. if it’s a gap down and trend continues down, 125 should be the target on short side
Long:
Entry:130/125 (if gaped down)
Exit:
T1 - 133.5/130 (if gaped down)
T2 - 136.5
T3 - 137-140
SL: 128.5/123.6 (if 125 entry)
Short:
Entry: 128/9
Exit: 125 Long:
SL: 131.50
Long RR: 2-4
Short RR: 1.59 (not great one)
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