US30 long

٤ يونيو

Monthly;
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• ]There is no clear thesis. Price could go up or down.
  
• Price has not retested the previous all time high. However, that is because it came across a high liquidity area on the weekly.
  

Weekly;

• There are two thing worth noting on the weekly.
  
• One is that price has formed a three pin pattern which might indicate that price is headed downwards
  
• Second, is that the previous week's candle closed above a buy liquidity region at 38,500 and price may be headed upwards.
  
• Currently price looks as if it will close above the 38,500 level and continue upwards.
  
• To get a clear thesis of what is going on, I will have to go to lower timeframes.
  

Daily;

• Monday's candlestick is pretty indecisive.
  
• Two things are happening here.
  
• One, price did not close above 38,630 level which would indicate that price is headed upwards.
  
• Secondly, price has not given a convincing closure below 38,560 which would indicate that price is headed downwards.
  
• Hence, there is no clear thesis on the daily and hence lower timeframe will give a better overall depiction as to where price is headed towards
  

4 hour;

• New York session saw a lot of sell orders from 38,800 to 38,250.
  
• From 38,250, we saw that price gained a rush of bullish momentum and it managed to close well above 38,450.
  
• At the time of posting this, price is showing that it is headed upwards, however, orders are not enough to take it there.
  
• I am waiting for a retest of 38,450 before we go upwards to 38,665
  
• The target is 38,665. This is the target of the -27.2 fib level which is usually a high probability setup.
  
• Moreover, if price closes above 38,800 which is Monday's high, then it is headed to 39,023.5
  

٤ يونيو

ملاحظة

Price is at my entry region. Waiting to buy

٤ يونيو

تم فتح الصفقة

I have entered a long position due to the buy setup on the 15 minute timeframe.
Targets at 38,665 as stated earlier

٤ يونيو

أغلقت الصفقة: تم الوصول لوقف الخسارة

Trade stopped. For now I do not know why but with time I will understand why.