Signal pattern is completed, we have an exhaust, we have pressure, we have selling volumes, we need target now but is it wise to short here ?
Things making me like this signal :
Things making me dislike this signal :
Once this said, I think if we go for a target, there will be no in between, or we go straight for it, or we will suffer to reach it but once the imbalance eliminate, the harder is made. If it don't arrive to break the imbalance by close of April 5, just leave it, don't forget to breakeven stop loss on 1:1 R/R to control gains.
In all case, weigh pros and cons is the work you have to do before invest your money, invest wisely awared of all the risks involved.
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
Like, follow or comment* if you like, I need it to continue !
NB : This signal don't take part of a Wyckoff strategy, it just take place in a Wyckoff Pattern.
Things making me like this signal :
- Under a primary daily resistance
- Inside a Wyckoff Accumulation Pattern (WAP)
- Volume in WAP doesn't show we will leave it now
- Next WAP cycle match with the target
- Compression area under the resistance
Things making me dislike this signal :
- I don't short (obv a good reason to don't short)
- Short is mathematically wrong (obv another good reason)
- Imbalance can act as support
- Selling volume could have been more consequent
- We can see a strong amont of buyers on pullback on the resistance area
- Against the higher timeframe trend (weekly trend is bull)
Once this said, I think if we go for a target, there will be no in between, or we go straight for it, or we will suffer to reach it but once the imbalance eliminate, the harder is made. If it don't arrive to break the imbalance by close of April 5, just leave it, don't forget to breakeven stop loss on 1:1 R/R to control gains.
In all case, weigh pros and cons is the work you have to do before invest your money, invest wisely awared of all the risks involved.
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
Like, follow or comment* if you like, I need it to continue !
NB : This signal don't take part of a Wyckoff strategy, it just take place in a Wyckoff Pattern.
Comment:
First signal idea (H1 timeframe)
Comment:
To understand others drawing on chart, here the last update !
Trade active:
SL to breakeven
Trade closed: target reached:
🎯 CONGRATS IF YOU WAS IN ! 💪
Most greedy peoples can push it to the yellow support.
Most greedy peoples can push it to the yellow support.
