1. Trend Confirmation:
Identified a Change of Character by the break of the previous high at 81, indicating a reversal in market sentiment and a new bullish trend.
2. Fair Value Gap (FVG):
On the Weekly chart, identified Fair Value Gap between 69 - 71.
3. Trade Execution
Entry Price: 74 ( Engulfing Candle on 5 Nov 24)
SL: 66 (FVG)
TP1: 110 (1.618 Fibbo)
Risk-Reward Ratio (RRR): 1:4.5
Monitoring: Check-in daily closing price
4. Outcome:
Exit Price:
Profit/Loss: pips
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Identified a Change of Character by the break of the previous high at 81, indicating a reversal in market sentiment and a new bullish trend.
2. Fair Value Gap (FVG):
On the Weekly chart, identified Fair Value Gap between 69 - 71.
3. Trade Execution
Entry Price: 74 ( Engulfing Candle on 5 Nov 24)
SL: 66 (FVG)
TP1: 110 (1.618 Fibbo)
Risk-Reward Ratio (RRR): 1:4.5
Monitoring: Check-in daily closing price
4. Outcome:
Exit Price:
Profit/Loss: pips
-------------
Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.