nickflores511

nickflores511

Overall trend is up so I'm waiting on buy entries of the 1hr 1. Imbalance filled off the 1hr 2. Looking to take the entry off the recent bullish OB that followed a liquidity grab. 3. First exit will be at the Most recent 1hr high and 2nd target at the recent high off the Daily chart.

nickflores511

Liquidity grabs at Sunday open. Watch for exhaustion before entry.

nickflores511

Possible Bull Run coming soon. 15Min: Liquidity exhausted. Target entry ~1.0467 SL ~ 1.04620 TP1 ~ 1.04855 TP2 & TP3 - Zone targets labeled on chart TPF ~ 1.0600

nickflores511

1. Bullish divergence on 1 hr chart. 2. +DI gaining strength while -DI weakening 3. Crossed base line in Keltner Band (bounced off to the upside) 4. Breaking upper trend line (could see quick retrace before continuing uptrend) 5. Possible cup and handle formation.

nickflores511

Broke support on consolidation and taking a short position at the 2nd wave pullback. Looking to take profits at bottom of wave 5 if wave pattern continues to hold true. Stop loss set at upper resistance level where a cross above wave 1 would indicate incorrect wave count.

nickflores511

Divergence occurring on the 15 min chart. Taking a short position at the .382 retracement in hopes of catching the beloved 3rd wave. Setting conservative stop loss above .236 retracement where a break above would indicate an incorrect wave count. Take profit line set just below the 100% retracement where next level of strong support shows.

nickflores511 Updated 

Lower support was broken after a long consolidation period. Taking a short position at the 50% retracement (0% on the extension plotted on this chart). If my wave count proves to be correct, I'm looking to take profits at the 78.6% on the extension before wave 4 pullback. Stop loss set at 23.6% retracement where a break above that line would indicate an incorrect...