Trade idea 💡
We have -SMT inside the weekly -OB with yesterday providing necessary breaks in market structure. Today I will be hunting for entries inside the H4 FVG( marked FVG P/D). We also have a breaker in that area(check SP500 chart). The reason I'm sending the futures chart is to highlight the opening GAP. Price should have found support there and inside the daily FVG if it was bullish. With yesterdays signature I am bearish and the target is EQLs as indicated.
More price action is needed to refine the trade setup, but this is the general outlook for the week.
We have -SMT inside the weekly -OB with yesterday providing necessary breaks in market structure. Today I will be hunting for entries inside the H4 FVG( marked FVG P/D). We also have a breaker in that area(check SP500 chart). The reason I'm sending the futures chart is to highlight the opening GAP. Price should have found support there and inside the daily FVG if it was bullish. With yesterdays signature I am bearish and the target is EQLs as indicated.
More price action is needed to refine the trade setup, but this is the general outlook for the week.
Comment:
Comment:
Still haven't got my desired entry on this trade idea. If price breaks yesterdays low then we will form a Mitigation Block, it is crucial that all 3 indices confirm this idea. If bullish +SMT occurs there , then we could push into the daily FVG.
If all 3 indices breaks yesterdays low I will take a trade off that area today. Trade will need refining.
If all 3 indices breaks yesterdays low I will take a trade off that area today. Trade will need refining.
Comment:
+SMT in that area as stated could happen. Refer to Asia lows. Violation of the H1 FVG and MB. So the obvious draw is the imbalances above Wed & Thurs price action.
Comment:
Thursdays high taken(PDH). Next week should be fun
Thursdays high taken(PDH). Next week should be fun
Comment:
Lets see how NY develops
Lets see how NY develops
Comment:
Bias has likely changed for the week and possibly the month. It was a good little trade in the end. Will send new analysis in a few days for the possible LONG idea :)
Comment:
Just waiting for Dow Jones to take Mondays high and confirm bullish idea. Analysis will be posted tomorrow on a new thread.
t.me/trading_cartel_admin
t.me/trading_cartel_admin