Last setup of the night we can see dollar slowly taking over the market and can try to capitalize using Gold breakout setup
Breakout setup spotted early Asian session with USD momentum to the upside. Lets see if it plays out
INTC has broken out of a nice range, BO playbook setup can be used. Lets see if stocks will treat us to at least double our risk.
UJ has broken out and closed above structure with inside bar also breaking up. Lets go for at least 2R in this reversal
Beautiful breakdown of range and going for a quick 2R. Lets see what happens!
This London session has provided a beautiful setup in Gold as it seems to want to continue its push up. Classified officially as our B&R playbook trade but it could also be a breakout trade had we entered on the big bullish candle. Anyways on we go, lets see what happens
Originally had taken this entry earlier as I was leaving work on a range breakout setup that also met my reversal setup criteria. It retraced now to the entry and a bit of drawdown but I figured I could take this opportunity to journal my trade for future review purpose.
Using our breakout setup right from the playbook we can try to catch continuing momentum on UC. Could be a nice opportunity for at least 2R in line with DXY strength
EU has met requirements for a reversal trade and since we didn't see it early enough to enter for the reversal we can enter using our Break Out setup following the momentum shift candle
UJ has reacted nicely off 618 fib and we can take the trade using momentum breakout setup for at least 2R. Lets see how NY plays out
GU has met requirements for our playbook "breakout" trade using momentum as our entry confirmation. Lets see if London can send us off to the weekend with a little 2R win
GBP strength is in line with our BO setup on momentum. SL below breakout candle
EJ bias in higher timeframes is still bullish and here we get a nice consolidation leading to a breakout candle at the start of our shift. Price is aggressively drawing down but unfortunately the trade is already set. The process is being followed correctly and this position meets playbook criteria so the trade must play out. Going for 2R on this one
Break out setup conditions met with ATR being used as our SL for a 1:2 trade
Price has successfully closed below range and produced our classic BO setup. Profit on this setup is slightly less probable but still very possible
With buyers continuing to hold the line, we might see the big pump we expected with our earlier setup. Big picture shows major consolidation with a lot of stop losses to take out above 84.40. Let’s see if this BO setup provides the goods
Please view the lower image, TV doesnt allow public 5 min charts. BOM --> LH DT at High of BOM --> No further upside above gap fill Could have been run further, expecting a 1:1 measured move down after the 18th BAR BO, however large Swings at open (300 points) --> Higher Probability of TR after 18th BAR BO.
Biocon weekly BO Possible? Go Long above 385 closure.