This is a momentum setup. Chart is clean and clear..
My view of the direction is correct but missed is several times. Actually, I got setups on 5m and even 1m which are not able to share here. Hopefully I can catch it this time on the 60m.
My view of the direction is correct but missed is several times. Actually, I got setups on 5m and even 1m which are not able to share here. Hopefully I can catch it this time on the 60m.
Comment:
Missed the trade by 3.5 points...it came back to 12683.5..Sometimes, it happens...No worries, the market opens 5 days a week. We keep on looking for other setups.
Comment:
I noted that price on Friday did touch my zone identified on Thursday, it did bounced back to 12739 and it was a 1:3 trade. What I want to point out is that pay attention to the freshness. For futures, intra-day zone is better if price comes back to visit it the next day, target should be reset based on the arrival, not the preset one initially.
plan your trade and trade your plan
