US30 - POST NY SESSION ANALYSIS - 05132022
Price bounced around today, didn't go in the direction of my target.
I got stopped out around 32050.
A couple hours later I re-entered when price started to show exhaustion around the 32050 level which I was previously stopped out at.
This was showing some confluence with the MA 66 as a static resistance on the H1 timeframe, along with exhaustion showing on the lower timeframe; M15, M5.
I set my stop clear out of structure at 32150.
Initially price went in my direction about 100 points.
Then it pushed straight back up to my SL at 32150.
Did not re-enter and price has just bounced around from about 32200 to 31900.
The weekly candle is closing exhausted bearish, this upcoming week might be a pullback, possibly looking for short term buys.
I have entered 1 small re-entry order at 32159 which I'm going to leave thru the weekend with my usual 100 point stop at 32260.
Let's see if I get stopped out right at market open or what happens.
Time to enjoy my weekend; relax, a little backtesting/wsa video watching/reading, and prepare for a new week :)
Have a great weekend!
Price bounced around today, didn't go in the direction of my target.
I got stopped out around 32050.
A couple hours later I re-entered when price started to show exhaustion around the 32050 level which I was previously stopped out at.
This was showing some confluence with the MA 66 as a static resistance on the H1 timeframe, along with exhaustion showing on the lower timeframe; M15, M5.
I set my stop clear out of structure at 32150.
Initially price went in my direction about 100 points.
Then it pushed straight back up to my SL at 32150.
Did not re-enter and price has just bounced around from about 32200 to 31900.
The weekly candle is closing exhausted bearish, this upcoming week might be a pullback, possibly looking for short term buys.
I have entered 1 small re-entry order at 32159 which I'm going to leave thru the weekend with my usual 100 point stop at 32260.
Let's see if I get stopped out right at market open or what happens.
Time to enjoy my weekend; relax, a little backtesting/wsa video watching/reading, and prepare for a new week :)
Have a great weekend!