Intraday trade with the potential to expand.
We saw an accumulation structure. It seems that after a double bottom, the least way of resistance is now up. We saw price jumping the creek on LTF volume no, we have to wait if we enter a trend upwards or retrace back to the range.
We have to be careful as more downside PA is possible. I'll TP1 early and also close early if we should enter back to the range.
We saw an accumulation structure. It seems that after a double bottom, the least way of resistance is now up. We saw price jumping the creek on LTF volume no, we have to wait if we enter a trend upwards or retrace back to the range.
We have to be careful as more downside PA is possible. I'll TP1 early and also close early if we should enter back to the range.
Trade active:
Price went fast in my direction. Took a first TP1. But also increased the SL as my risk decreased. Don't want to get my SL to get hunted.
Trade closed manually:
Closed the trade at 21590 after that huge spike, and price reentered below VWAP.
"Nobody went broke taking profits"
Pay yourself! ;)