Bullish trade building up in Astral with RR of 7Looks promising for a RR of 7. It is continuosly making higher highs and higher lows, and RSI Profile is trending higher and suggesting bullish trend. although current TF RSI is near overbought zone, which suggests possibility of minor retracement, still higher TF RSI Trend
is positive and with current point of control zone shifting higher we can keep a Sl just few points below POC.
Entry at 1440
SL around 1423
Target around 1555
Risk to reward ratio is around 7.
Indicator used : RSI Hybrid Profile (Link available in my profile)
PS : This is an Educational post and doesn't constitute any trading or financial advice, just do your own research.
Profile
BTC ready for continuation of UP move with a reward ratio of 5RSI Profile shows a positive trend for BTCUSD and and risk reward ration is above 5. Also a Bullish triangle pattern seems to reach near complete on BTC Chart. Price is above RSI Point of Control, hence a small SL below POC and target is near the Value area High.
Entry near 105600
Target near 108940
Sl near 104995
RR : 5.16
PS : Above is only for Educational purpose and does not constitute any financial advice. Do your Own Research.
ES - Inventory Analysis & Trade Plan - 13 August 2024Hello and i hope everyone is doing well. In today's video i want to cover how the inventory developed yesterday and what are the auction paths that i am watching to trade ES today.
Current levels to observe the reaction of price: 5356 & 5383
Current Inventory is developing above PDC and have an excess - so the inventory is long but developing in PDR, so looking for more chop
Rejection seen at 5367.25 and supply shutting off at that price point
The structure of ON auction is balanced profile and looking for more rotational development today
Break of PDH or PDC are important references and i will be observing for continuation, lack of continuation will lead to reversal towards the VPOC
Also from the volume footprint - seeing supply above 5400 and supply shutting off below 5367
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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