Hey fellow traders
I haven't posted much lately. Not that i am not trading but I wasn't seeing any setups in my trading portfolio. Summer is here and these months are usually low liquidity months. There is a set up coming up in 10yr T note.
Weekly:
Macd is crossed up and we have price testing Tenkan sen right now which is acting as support. Can this be a higher low? Kijun is pointing down and we have to watch that for res level.
Daily:
Price broke Kijun sen and found supp at 50 per fib. It is still above cloud. We closed above Counter trendline. Immediate resistance is 126 . Once that breaks, we can see some acceleration.
Keep in mind, monthly is bearish chart and this is a Counter trend move. I expect a breakdown in coming months. I will be looking at 4h for potential trading opportunities. Use appropriate position sizing.
Will post some other ideas later if something develops.
I haven't posted much lately. Not that i am not trading but I wasn't seeing any setups in my trading portfolio. Summer is here and these months are usually low liquidity months. There is a set up coming up in 10yr T note.
Weekly:
Macd is crossed up and we have price testing Tenkan sen right now which is acting as support. Can this be a higher low? Kijun is pointing down and we have to watch that for res level.
Daily:
Price broke Kijun sen and found supp at 50 per fib. It is still above cloud. We closed above Counter trendline. Immediate resistance is 126 . Once that breaks, we can see some acceleration.
Keep in mind, monthly is bearish chart and this is a Counter trend move. I expect a breakdown in coming months. I will be looking at 4h for potential trading opportunities. Use appropriate position sizing.
Will post some other ideas later if something develops.
Trade active:
Still holding position. If get some follow through on 4h now, I'll add.Higher low might be in
Comment:
Added to my long as price bounced off 4h cloud and daily Tenkan/Kijun