NG long setup
Here we see price pushing down to a buy level with a few confirmations making this a consideration for a high probability setup:
- test of fresh demand level
- which also happens to be the retest of the trendline resistance turned support
- and a high volume node which acts as support
- as well as a bullish harmonic pattern formation
looking for a 3:1 risk reward trade here, with risk below the demand level and target at next supply zone.
- test of fresh demand level
- which also happens to be the retest of the trendline resistance turned support
- and a high volume node which acts as support
- as well as a bullish harmonic pattern formation
looking for a 3:1 risk reward trade here, with risk below the demand level and target at next supply zone.
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.
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.