The Idea for the Next Session
If demand is holding, I will wait for confirmation before targeting the high, with the stop placed below the demand zone.
Current volume on the up move supports this idea, but there is no untouched reaction zone left for entry reference — so confirmation is required.
A break below the sub-structure low would invalidate this idea and shift the short-term directional bias toward the value-based area.
If demand is holding, I will wait for confirmation before targeting the high, with the stop placed below the demand zone.
Current volume on the up move supports this idea, but there is no untouched reaction zone left for entry reference — so confirmation is required.
A break below the sub-structure low would invalidate this idea and shift the short-term directional bias toward the value-based area.
Trade chiuso manualmente
Update — Trade RecapThe high got broken before demand was reached.
At RTH open price returned to the demand zone — once it pushed above Session VWAP Deviation -1, the long was entered at 7591 with the stop below the demand zone.
Price pushed toward the target at 7614.25, located at the most recent supply zone, with a reaction expected at 7606.25 aligned with the algorithm reaction zone and Session VWAP Deviation +1.
Although the target looked within reach, the position was closed at 7607.50 at 12pm market time.
Two factors influenced the early exit:
1. The algorithm reaction zone carried enough potential to push price back to demand — giving back unrealized gains was not an acceptable risk at that point.
2. The high breaking prior to the demand touch created a minor violation of the initiation point at 7577.50, which while not a confirmed directional shift, serves as an early sign worth monitoring.
Trade Summary:
Entry: 7591 (Session VWAP Deviation -1 used as confirmation + Session Volume alignment)
Stop: 7571.50 Below demand zone
Initiation point (lowest price before high broke) violation: 7577.50 (unconfirmed directional shift)
Reaction zone: 7606.25 (algo zone + Session VWAP Deviation +1)
Target: 7614.25 (most recent supply zone)
Closed: 7607.50
Nota
30 minutes after closing the position, price continued and reached the target at 7614.25.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.