Ecad
I like this for a long its setting up nicely the daily chart is looking exhausted as is the 4 hour, thats a very steep 4 days worth of falling without a break. I would like to get a long in the mid 14380's ( i know I am greedy) as this reduces my stop and risk, also I like the RR if that can be achieved. Under 14380 on a longer time frame chart is fresh air, so its hero or zero on this one.
Entry - 14380's - see what the PA is like
SL - just below that big wick under14375
TP - 14480, 14550, 14580, 14615, 14660 and 14700
See how it goes going to need some luck to be filled and not stopped out of it quickly. The line between failure and brilliance is small on this one.
Simon
I like this for a long its setting up nicely the daily chart is looking exhausted as is the 4 hour, thats a very steep 4 days worth of falling without a break. I would like to get a long in the mid 14380's ( i know I am greedy) as this reduces my stop and risk, also I like the RR if that can be achieved. Under 14380 on a longer time frame chart is fresh air, so its hero or zero on this one.
Entry - 14380's - see what the PA is like
SL - just below that big wick under14375
TP - 14480, 14550, 14580, 14615, 14660 and 14700
See how it goes going to need some luck to be filled and not stopped out of it quickly. The line between failure and brilliance is small on this one.
Simon
99% of Traders fail, so don't follow the herd