TRADE PARAMETERS
Pick Date : 03/26/18
Entry : 4.94
Stop : 4.84
Target : 6.25
TRADE STRATEGY
Income Type : Swing
ENTRY
4.94 is a new 4H demand zone . Will be doing a set and forget limit order. One can enter in the zone at 4.96 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
4.84 is 0.10 CENT right outside of the low for some protection.
TARGET
6.25 up in a fresh daily supply area with a 4H supply zone nested. Price will struggle to break the first test.
S
Pick Date : 03/26/18
Entry : 4.94
Stop : 4.84
Target : 6.25
TRADE STRATEGY
Income Type : Swing
ENTRY
4.94 is a new 4H demand zone . Will be doing a set and forget limit order. One can enter in the zone at 4.96 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
4.84 is 0.10 CENT right outside of the low for some protection.
TARGET
6.25 up in a fresh daily supply area with a 4H supply zone nested. Price will struggle to break the first test.
S
Trade active:
Trade open at 4.93, cross finger this new zone will hold and drive prices back up
Trade closed: stop reached:
Stop was triggered. Perhaps it was to tight but this trade is now closed.