Price is approaching a nice demand zone that printed an institutional bullish engulfing after breaking a previous ranging zone creating the next level of structure. Seeking a long position for 500+pips or 5,000+points to complete head and shoulder pattern from Daily demand zone as the market will likely correct the heavy imbalance from the bearish activity retracing giving a nice profit back up to the neckline.
Trade active
I am currently in profit over 100pips or 1,000points and have obtained over a 1:1 risk to reward. Therefore, I have secured profits and will place another buy limit for re-entry letting the trade auto pilot for a risk free trade at this point!!
Note
market is pushing and currently floating about 300pips or 3,000 points.....everyone in the trade should securing 200pips or 2,000points with a stop profit and let the trade play out risk free at this point!!!!!enjoy profits
Note
400pips / 4,000points currently.....bump up stop profits
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