Two long trades
Plan
Its one positon. Where 80% will be closed at the first target and 20% on the second target.
Scenario (Green arrows)
Target
Next resistance level (level 1).
Requirments
- Close above level 2
- Close above 50% Fib level
- Break of the generated swing (generated swing 1) after break of level 2
Invalidation / SL
- Fall under level 2 AND loss of monthly open
Time duration
Days, weeks, months, years... ;)
Good luck
Plan
Its one positon. Where 80% will be closed at the first target and 20% on the second target.
Scenario (Green arrows)
Target
Next resistance level (level 1).
Requirments
- Close above level 2
- Close above 50% Fib level
- Break of the generated swing (generated swing 1) after break of level 2
Invalidation / SL
- Fall under level 2 AND loss of monthly open
Time duration
Days, weeks, months, years... ;)
Good luck
Comment:
Price moved above level 2 - want to see now the next 2-3 days uptrend, retrace to level 2 and then i can enter the trade
Comment:
Swing formed. However not liking it as i would have prefered a bit of an uptrend before going back into level 2. However will enter a long when we break through the "generated swing 1"
Comment:
Price didnt manage to push above the generated swing - therefor no trade
