US30 long

2024年6月5日

Weekly;

• Price has closed above 38,500 level which is massive zone of liquidity
  
• Price has formed a head and shoulder.
  
• This indicates that price is headed upwards to 39,100 which is the next daily level
  

Daily;

• Price has closed above 38,500 or 38,550 which is a massive buy area.
  
• It has retested that same zone twice with two candlesticks. If you zoom in on the wicks you can see that yesterday's candlestick formed a higher high in comparison to Monday's candlestick. This indicates that price is going higher.
  

4 hour;

• Today price has continued its upward momentum, however, price is slowing down. Moreover, if I intuitively think about it, price is trying to go higher since there would be no reason for today's momentum to continue going higher, if there are no orders or momentum.
  
• The slowing momentum tells me that price does not have enough orders to go to 39,100.
  
• So if we zoom in and look for areas of possible entries, there are some.
  
• First of all the daily body closure at 38,550 is a massive area of buying liquidity. It is also in sync with yesterday's 4 hour region that retraced to go and collect orders at 38,450. The highest probability entry would be if price tested 38,550 and formed a buy formation 38,625.
  
• Another possible scenario is if price manages to close above 38,815 and retests it to confirm my bias, which will see me buy to 39,050.
  

2024年6月5日

交易進行

Entered a long position as stated earlier

2024年6月5日

交易進行

Trade is in profit. Looking to move SL to break even

2024年6月8日

交易結束：目標達成

Amazing trade