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.
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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.
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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.