If there is a drop in price from FED news today I will be looking to go long. Here are 2 sets ups I'm looking at. If we see a strong enough drop that leave a large profit zone to the upside and I will most likely hold the contracts for several days.
Entry 1: 3063.25
Entry 1: 3025
12/3/19 - Closest zone entered and first order triggered. Once price moves below the higher low I will move my stop to break even. Set up will not be changed after that, but will close out by Friday if target is not reached.
Target 1: 1477.4 (R:R=4.56)
Target 1: 1477.4 (R:R=5.89)
Looking for re-entry on previously tested supply zone. Since it's been previously tested I've set an activation rule at 1.11130, so I will enter the trade as I leave the zone. Conservative target and a runaway target farther out because closer demand was completely blown through before price turned in its favor.
Entry: 1.11100 (Activation @ 1.11130)
Crude oil went in my favor from my previous post. Looks like we are shaping up with an opportunity to go long again at demand below. I've got 2 levels I'm interested in. I think Crude might stay with in the 58.73-53.60 range for the next two weeks. Taking both of these trades with activation orders at the dotted lines, so if news accelerates price below demand I...
I had this same trade in back on the 19th and missed my entry by 4 ticks. Now the profit zone is much smaller, but I still have confidence in the zone because of the strength leaving the zone, location, and structure on the 1 hour. There is a deep retest and the profit potential is small, so I will be using an activation rule at 1444.8.
Picked out 2 quality zones to short on Gold. Both are in a HTF supply zone and would be a continuation of the current downtrend into HTF Demand. I've set 2 targets for both zones. The first zone will have an activation rule about halfway through the zone. If price moves in my favor after hitting the activation price, the trade will trigger as it leaves the zone....