The market maker algorithm has presented us with a potential buying opportunity.
Mind you this is end of day so there may not be volume to push it to targets until next week.
However...
Based on the current price action that I see, there is a potential 10R setup at this exact level if it holds.
Price action has respected this level previously and left fair value pricing above.
If it breaks the daily bank level and breaks through, we could see a push to the target.
If you decide to take this trade, realize that risk is your 1st concern.
Never risk anything more than what you can afford to lose in any single trade.
1-3% maximum is optimal but you can use whatever risk suits your appetite.
Happy trading and a happy new year.
Mind you this is end of day so there may not be volume to push it to targets until next week.
However...
Based on the current price action that I see, there is a potential 10R setup at this exact level if it holds.
Price action has respected this level previously and left fair value pricing above.
If it breaks the daily bank level and breaks through, we could see a push to the target.
If you decide to take this trade, realize that risk is your 1st concern.
Never risk anything more than what you can afford to lose in any single trade.
1-3% maximum is optimal but you can use whatever risk suits your appetite.
Happy trading and a happy new year.
Seeking mentorship?
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Seeking mentorship?
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。