This Setup took a couple days for me to fill all my bids, but so far it's gone very well. I de-risked about 40% of my position with conservative TPs that hit on the move up this morning, but I still have these upside targets if we do get there. My stop is fairly tight at this point after seeing the last 4hr close just below the local 4hr supply. My thinking is that we get a retest of the local demand around $9250 then bounce upwards. There is a huge liquidity draw to the upside and likely a lot of late shorts that have stops/liquidations above $9400. If $9250 doesn't get a nice bounce, I will probably wait to see before placing any lower bids. The way the recent weekly and monthly candles closed, and the CME futures gap, I'm eyeing sub $9k bids for the larger play.
Komentar:
4hr Breaker in the middle, not Demand..woops
