Another Equilibrium. Another Perfect Trading Opportunity
Updated
Hey guys,
if you followed me on my last post you would have known that I was anticipating the weekly Equilibrium to take place and was top phishing short positions from 3900-4200. We are still in this weekly equilibrium and we still have quiet a distance before our recent weekly low of 3,330USD and find ourselves in a 1hr Equilibrium.
I am personally keeping the macro trend as my friend, and putting on a short position now at 3772USD with 2x leverage. My stop loss as displayed on the chart will be at 3820USD which will be after an EQ bull break. Ideally in this situation I would make back the 2.6% I lose on this trade in a run up from the EQ break and a push from a potential daily EMA support.
This is an ideal trading situation whether you are long or short as it allows you to have tight stop losses in place and your risk:reward is IDEAL!!! with 1hr, 4hr EMA resistance ahead and the macro trend being bearish, I really have to favour the bears in this situation.
Guys, please give me a follow and a like if you find this analysis helpful to motivate me to provide more detailed and frequent trading content.
I am the unemotional, devotional trader that society doesn't deserve, but needs!
if you followed me on my last post you would have known that I was anticipating the weekly Equilibrium to take place and was top phishing short positions from 3900-4200. We are still in this weekly equilibrium and we still have quiet a distance before our recent weekly low of 3,330USD and find ourselves in a 1hr Equilibrium.
I am personally keeping the macro trend as my friend, and putting on a short position now at 3772USD with 2x leverage. My stop loss as displayed on the chart will be at 3820USD which will be after an EQ bull break. Ideally in this situation I would make back the 2.6% I lose on this trade in a run up from the EQ break and a push from a potential daily EMA support.
This is an ideal trading situation whether you are long or short as it allows you to have tight stop losses in place and your risk:reward is IDEAL!!! with 1hr, 4hr EMA resistance ahead and the macro trend being bearish, I really have to favour the bears in this situation.
Guys, please give me a follow and a like if you find this analysis helpful to motivate me to provide more detailed and frequent trading content.
I am the unemotional, devotional trader that society doesn't deserve, but needs!
Trade closed: stop reached
Hey guys,unfortunately this trade set up did not go my way and I got stopped out. This is ok, as this trade was more of a gamble as we did not await confirmation, INSTEAD, we just took an awesome risk:reward opportunity and it did not pay off.
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