In the case of buys at New York Market Open, we want to see if we can push past the top parallel channel which would then take us to a TP 1 of 15554
We would have sufficient confluence (breaking parallel channel & Moving up to retracement) for this buy entry in that case that the 0.7 zone on the 4 hour acts as a magnet for a bullish market open and also a safe exit
In the scenario of a bearish movement (sells) at New York Market Open time We would take sells from the section of the top parallel channel Which would take us down to the TP 1 of 15371
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.
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.