Hi Traders!
Three days ago I wrote a mind about swinging GU. As I do my top down analysis, here is my trade plan...
Based off of the weekly, GU looked to me that it is in a retracement phase giving a low at 1.30200 then progressing to the upside. With the 3 small candles printed from Monday Dec. 29th to January 12th, GU has then been in progress to make a new bullish engulfing candle (Closing in 1 day).
Moving down to the daily, within the 3 weekly candles, price seemed to be in another retracement dipping into the 50% zone at 1.33500 from the high of around 1.35700. If the 1.33500 higher low is true, then I am looking for price to continue to fill in the weekly wicks.
Furthermore, as I began to look for my entry moving down to the 2HR TF, price came down to a 2HR CHOCH zone bouncing off 1.34000. With no close below and continuation, this gave me the opportunity to fill my order around 1.34500.
My swing targets are 1.35500, and potentially into 1.36000. Based off of my TP targets, I'm looking for price to continue to fill in weekly wicks. Depending on how price reacts to 1.35500/Resistance and if price can stay above 1.35500 with signs of continuation, then I'd consider holding longer.
However, with everything said, I am still taking into consideration that price is in a failed swing, and anything below 1.34000 would invalidate my swing plan.
Entry: 1.34500
TP 1: 1.35500/1.35600
SL: 1.34000
~1:2 RR
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Three days ago I wrote a mind about swinging GU. As I do my top down analysis, here is my trade plan...
Based off of the weekly, GU looked to me that it is in a retracement phase giving a low at 1.30200 then progressing to the upside. With the 3 small candles printed from Monday Dec. 29th to January 12th, GU has then been in progress to make a new bullish engulfing candle (Closing in 1 day).
Moving down to the daily, within the 3 weekly candles, price seemed to be in another retracement dipping into the 50% zone at 1.33500 from the high of around 1.35700. If the 1.33500 higher low is true, then I am looking for price to continue to fill in the weekly wicks.
Furthermore, as I began to look for my entry moving down to the 2HR TF, price came down to a 2HR CHOCH zone bouncing off 1.34000. With no close below and continuation, this gave me the opportunity to fill my order around 1.34500.
My swing targets are 1.35500, and potentially into 1.36000. Based off of my TP targets, I'm looking for price to continue to fill in weekly wicks. Depending on how price reacts to 1.35500/Resistance and if price can stay above 1.35500 with signs of continuation, then I'd consider holding longer.
However, with everything said, I am still taking into consideration that price is in a failed swing, and anything below 1.34000 would invalidate my swing plan.
Entry: 1.34500
TP 1: 1.35500/1.35600
SL: 1.34000
~1:2 RR
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
บันทึก
TP 1 Hit with ease. Holding this trade until price gives me a reason not to. Setting an alert at 1.35000 for a possible 2nd entry.ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Runners hit 330 Pips in profits. This was an amazing trade! I decided to take full profits because price has reached near a resistance area (1.38000), and of course I wanted to secure the bag! From here, I am looking for GU to retrace on a higher TF (Daily & Weekly).
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ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน