SIGNAL: Go LONG on US30 - 15 May 2024

15 พ.ค.

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I would be looking for bullish moves on US30 today provided price remains above 39500.
1 hour price bar(candlestick) has closed above a range that started mid NY session yesterday. The range formed shortly after a 211 pips pump.

Find my confluences below;

✅Price at psychological level?
✅Has there been a recent intraday range?
✅Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?

With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit

Position Parameters

Entry 39588 - 39609
Textbook SL - 39543.38 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit)
Tp - 39801.65 (see partial TP levels on the screen)

Drop a comment to let me know if you have picked up a thing or two form my analysis

Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.

You are advised to apply proper risk management while trading derivatives...!!!

BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details

15 พ.ค.

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if you has used a flexi SL, you wouls have reached TP