I am looking for confirmation to enter this trade due to the confluence embellished in the technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your due diligence. The financial markets are risky, I am not responsible for any capital loss.
Thanks, Trade Wisely
Trade active
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Put it at B.E.
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Break Even SL please
Trade closed: target reached
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Price knocked me out at Break Even, no loss.
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Anticipating a short squeeze opportunity. Meaning, I have reason to believe institutional bank traders are consolidating price just late take out orders towards the upside. The range on the 15M is a sign they are doing so. I am expecting the price to rise to come into next week, October 5th.
Thank you, Trade Wisley
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As anticipated Friday evening. Price action opened towards the upside. And we saw a bullish rally as expected.