2023 Jan 25 NAS100USD
Risk/Reward
TP1 ~ 4:1
TP2 ~ 7:1
Confluences
Macro
Weekly - Double bottom market pattern supporting above price zone 10700.0 Weekly key level and psychological level, both lows tapping into said key level.
Daily - Strong break and retest off of another key level and psychological level found on price zone 11600.0
4h - (following the trend) currently for this timeframe, the market is in a BULLISH market condition.
Micro
15m - Last week Wednesday US session zone as entry zone
5m - Bullish candle closure supporting off of said session zone for entry point.
Remarks: been waiting for the 4 hourly pullback to happen all week
TP1 ~ 4:1
TP2 ~ 7:1
Confluences
Macro
Weekly - Double bottom market pattern supporting above price zone 10700.0 Weekly key level and psychological level, both lows tapping into said key level.
Daily - Strong break and retest off of another key level and psychological level found on price zone 11600.0
4h - (following the trend) currently for this timeframe, the market is in a BULLISH market condition.
Micro
15m - Last week Wednesday US session zone as entry zone
5m - Bullish candle closure supporting off of said session zone for entry point.
Remarks: been waiting for the 4 hourly pullback to happen all week
Trade active
Stops rolled deep into profit, and partial profit claimed. Thus, concluding this trade.Trade closed: target reached
Overall target tp achieved, all positions closed.
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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.