NET, 2024-06-25, Long

Jun 25

Context:

• Weekly - Support zone @ 66.24/61.34
  
• Daily - Trend line break; Retracement back to "First Red"/Window
  
• 1h - BOS; Gap as entry/stop range (Using the last pivot point as the max stop range since the gap is a bit tight)
  

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• Main Target - Weekly Resistance @ 95.68
  
• Breakeven stop @ 84.03
  
• 2/3s out @ 85.93 (Fin ext. 0.618)
  

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Expected RR (at full) 7.18

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Notes:

• There might be some static as we enter the 83.00 area.
  

Jun 28

Note

Breakeven stop @ 84.03 touched; Moving stops to breakeven.

Jul 5

Note

2/3s out @ 85.93.

Remaining position will be AON against breakeven and the main target.

Prices are moving into a possible weekly zone @ 82.83/89.90, will look for an early exit if a reverse formation starts to form.

Jul 18

Trade closed manually

Remaining position closed at breakeven (yesterday)