Patrick2707

US 30 - Ranges overview (update)

Long
CAPITALCOM:US30   Dow Jones Industrial Average Index
Price moving nicely towards the buyside liquidity as we've noted earlier.

Entry 38777
TP 38825
SL 38745

Taken some profits and letting the rest ride to my tp.
Added the breakaway gap (blue box) for those wondering why I entered around these levels.

Wide stops for the trade simply based on the fact that the stops needed to be save so they were resting below the OB.

Will see IF we get the full tp and will be done trading for the day. Waiting to see what for market movement we will get tomorrow and for the rest of the week.

IF you've started this week with some losses and scratches...forget about it is part of the game and it will help you along the way...IF you've started the week green and feeling euphoric don't let it go to your head it will hurt you on the long run....

Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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