This looks like a high probability trade. A lot of key ideas are in confluence across multiple time frames. But I definitely will be adding a stop loss.
Daily - We see a massive wedge formation playing out. and a Strong level of Support/Resistance. If we can get a daily close above, this could bounce off of support and continue upwards.
12Hr - We've had a lot of key signals play out
- Bullish TK Cross
- Bullish Kumo Twist
- Chikou Span above price
- Breaking out and closing above the cloud (Waiting on this confirmation - close of candle)
3Hr - This short term time frame is the most bullish of the 3
- Bullish TK Cross, above the cloud
- Cloud is already green
- Chikou Span above Price
- Finding support on the Tenkan and continuing to bounce
Daily - We see a massive wedge formation playing out. and a Strong level of Support/Resistance. If we can get a daily close above, this could bounce off of support and continue upwards.
12Hr - We've had a lot of key signals play out
- Bullish TK Cross
- Bullish Kumo Twist
- Chikou Span above price
- Breaking out and closing above the cloud (Waiting on this confirmation - close of candle)
3Hr - This short term time frame is the most bullish of the 3
- Bullish TK Cross, above the cloud
- Cloud is already green
- Chikou Span above Price
- Finding support on the Tenkan and continuing to bounce
Catatan
It was not the close I was hoping for. Trading Idea is still valid, but I will be extremely cautious on where I place my entry. (If I make an entry)
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.