Entered two long positions at 37240 respectfully targeting 37260 and 37275.
Taken some off already and stops in profit.
Entry 37240
TP 1 37260
TP 2 37275
SL 37225
As you can see a clean entry based on the 1H FVG and more specifically after we traded through the consequent encouragement of the wick from the bullish candle sitting around 37222.8 (17 Jan '24, 14:00 on the 1H chart).
The consequent encouragement represents 50% of the wick and and can be used for your entries and exits...personally using it less for the past year but as you can see we go our 'exact bottom' around 50% ... always helps for extra confirmation IF you like them.
All in all we should normally aggressively get to the targets... so lets see how we play out moving closer to 2 am (NY time)...
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.
Taken some off already and stops in profit.
Entry 37240
TP 1 37260
TP 2 37275
SL 37225
As you can see a clean entry based on the 1H FVG and more specifically after we traded through the consequent encouragement of the wick from the bullish candle sitting around 37222.8 (17 Jan '24, 14:00 on the 1H chart).
The consequent encouragement represents 50% of the wick and and can be used for your entries and exits...personally using it less for the past year but as you can see we go our 'exact bottom' around 50% ... always helps for extra confirmation IF you like them.
All in all we should normally aggressively get to the targets... so lets see how we play out moving closer to 2 am (NY time)...
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.
