Potential reaction off of an institutional play with the yellow zone highlighted, we may see this move happen for multiple reasons such as also being in my kill zone area which is between 62%-88%.
This trade may happen before market closes however most likely next week let keep close eyes on it and if you see an opening take it.
This is a nice 3:1 ratio trade that can pay more than it can hurt, always take partials out of your trade along the way, especially if you are new to the market and get into moments where you question yourself if you should close your trade or not,.. thats when you know you SHOULD be taking partials and most certainly moving your stop loss into profit accordingly.
The link in my bio i explain more about how i view the market for its opportunities.
Learn-Interact-Trade
Lit Capital
This trade may happen before market closes however most likely next week let keep close eyes on it and if you see an opening take it.
This is a nice 3:1 ratio trade that can pay more than it can hurt, always take partials out of your trade along the way, especially if you are new to the market and get into moments where you question yourself if you should close your trade or not,.. thats when you know you SHOULD be taking partials and most certainly moving your stop loss into profit accordingly.
The link in my bio i explain more about how i view the market for its opportunities.
Learn-Interact-Trade
Lit Capital