Smaller Time Frame Bullish Fractal is forming that supports our larger bullish triangle fractal. The smaller time frame fractal suggests that 11,090 was our bottom and we will range between 11,200 and 11,500 for the next 3 days before we break out of the white diamond resistance line and make our way up towards the double top.
My entry for long 11,115 average; target 13,400 (albeit I will scalp between 11,200 and 11,500).
Stop loss as you see fit.
Note: I have more longs laddered in down to 10,800 just in case the fractal breaks and we go lower (which could very well happen for a nice test of the 55 EMA).
My entry for long 11,115 average; target 13,400 (albeit I will scalp between 11,200 and 11,500).
Stop loss as you see fit.
Note: I have more longs laddered in down to 10,800 just in case the fractal breaks and we go lower (which could very well happen for a nice test of the 55 EMA).
Comment:
Closed some longs at 11,460 as I believe I will be able to pick more up again at 11,200-11,300 levels in the 'long zone' -
Comment:
So far following the faint green path quite well -
Comment:
As expected long zone was hit and I have picked up more longs at an average price of 11,230. Stop has been moved into profit at 11,300 and I will look to close around 11,450-11,500. I also have more buy orders set for 11,250 down to 11,150 as there is a good chance we will wick down again sometime soon.
Comment:
Picked up some more longs as we wicked into the long zone. I suspect we will wick down at least one last time a bit deeper (11,250ish) before we start our ascent up:
Comment:
Almost on queue, we go deeper into the support zone around 11,250ish to fill more longs.
Comment:
Original target hit. This is now a massive long for me; albeit with stop losses below 10,650
