This looks like a high probability trade. A lot of key ideas are in confluence across multiple time frames. But I definitely will be adding a stop loss.
Daily - We see a massive wedge formation playing out. and a Strong level of Support/Resistance. If we can get a daily close above, this could bounce off of support and continue upwards.
12Hr - We've had a lot of key signals play out
- Bullish TK Cross
- Bullish Kumo Twist
- Chikou Span above price
- Breaking out and closing above the cloud (Waiting on this confirmation - close of candle)
3Hr - This short term time frame is the most bullish of the 3
- Bullish TK Cross, above the cloud
- Cloud is already green
- Chikou Span above Price
- Finding support on the Tenkan and continuing to bounce
Daily - We see a massive wedge formation playing out. and a Strong level of Support/Resistance. If we can get a daily close above, this could bounce off of support and continue upwards.
12Hr - We've had a lot of key signals play out
- Bullish TK Cross
- Bullish Kumo Twist
- Chikou Span above price
- Breaking out and closing above the cloud (Waiting on this confirmation - close of candle)
3Hr - This short term time frame is the most bullish of the 3
- Bullish TK Cross, above the cloud
- Cloud is already green
- Chikou Span above Price
- Finding support on the Tenkan and continuing to bounce
Nota
It was not the close I was hoping for. Trading Idea is still valid, but I will be extremely cautious on where I place my entry. (If I make an entry)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.