All higher timeframes are in bullish territory, except the weekly which is consolidating, so everything is pointing bullish.
The 1 Hour chart as well as the daily chart are on bullish setups, which gives me a high probability that if the hourly chart triggers, the daily will follow through. I expect to blow through the first two resistance level, but we’ll have to wait and see.
The initial stop seems large, but will move up when the trade is triggered. Watch for overextension signals to tighten the stop.
If you find this useful, like and subscribe to get notified of updates and new ideas
If you want to tryout the indicators and strategy, follow me and pm me and I’ll get you set up.
Stay calm, and happy trading!
Trade closed: target reached:
