UK100 Index bullish setup on 2H(based on weekly)

2021年2月1日

My trade idea is based on weekly pattern(flip & MAs & momentum). Daily has on bullish candle reacted to the weekly zone.

So, if price takes out the control high on 2H, I will assume momentum on the small timeframe is up. Now, I got my big buddy as well as my little buddy on my side. The odds of the bullish setup is high.

2021年2月5日

註釋

As expected, price got issues at the control high. I need to see a confirmed close above the zone. So, wait.

2021年2月8日

註釋

My weekly as well as daily works well. The 2H is a bit different than I expected at the first place. It didn't conquer the zone at the first try, actually it tried twice. I marked a very small zone on 1H. It might be a entry for quick retest. Basically. The daily and weekly indicate the price to the upside.