Hi guys and girls hope everyone is well.
POLR is to the upside no roadblocks in the way
its just broken through the S&D zone and im looking for it to retest it then get continuation to the upside, when/if it retests it will close the 4h gap that will open up, the potential issue for this trade is if price stalls for a couple of days and we fail to make higher highs then a gap will open up on the daily time frame on tuesday/wednesday.
TP can either be just under the next S&D zone at 31.950 or at previous highs at 31.825
HerkieRTB37 minutes ago
Daily 8EMA Gap
Possible gap close on the daily 8EMA.
Just had a retest of the 200EMA on the 15MIN. Will wait for continuation to the downside.
BC below the 8EMA on the 1H TF.
Then we can take the trade down to the 8EMA on the daily. If you want you can baby sit the trade to the 50EMA on the daily.
If it takes to long to have continuation to the downside and keeps retesting the 200 EMA on the 15 min. I might not enter this trade. I am looking for clear momentum to the downside.
Renaldo holder7 hours ago
Break Close Retest
Wait for Break close and retest of the trendline for confirmation to the down side. EJ has failed to break above the 50% pullback of the previous momentum downward. Also this level corresponds to a major daily resistance. With market sentiment in risk off mood, the bias is there to the downside to the TP of 122.400. Nice risk to reward ratio. Good luck guys.
Renaldo holder8 hours ago
Possible Naked Trade
See the instructions on the chart. Nice risk to reward ratio. MArket sentiment risk off should support this trade in term of directional bias. There is a TP2 @ 112.200 if TP1 is hit, I will be placing my SL at TP 1. Good luck