Market outlook for open
This markup includes many different trade positions (2 to be exact).
There was an obvious trend line on the 1HR timeframe so I mapped that out and created a possible sell execution area if price reacts off of that trend line as I am predicting. If price breaks and closes above that trendline, we will look for price to continue and meet our confirmations for a possible buy position.
Multiple TPs are mapped out for buy and sell positions.
Chose your SL according to what your account can handle. I recommend utilizing the next zone for your SL. If you are unsure of what I mean by this, make sure you ask this question in your 1:1 this week.
This markup includes many different trade positions (2 to be exact).
There was an obvious trend line on the 1HR timeframe so I mapped that out and created a possible sell execution area if price reacts off of that trend line as I am predicting. If price breaks and closes above that trendline, we will look for price to continue and meet our confirmations for a possible buy position.
Multiple TPs are mapped out for buy and sell positions.
Chose your SL according to what your account can handle. I recommend utilizing the next zone for your SL. If you are unsure of what I mean by this, make sure you ask this question in your 1:1 this week.