Let's see if we can make TM3k's dream finally come true <3
People will think I am nuts haha. My bias is bullish and I expect the next knock on 6.8k to take us straight to 8k. That's where I think it will be a decent spot to hedge for a retrace. Will wait for PA to develop further to confirm this but this is what I am looking for. Currently long from 62xx.
NAS, stoploss and target might be changed but this is looking super bouncy.
Outline a few targets in the chart. Ideally I would trim on each target and re-add on support. Build bag on way up and unload most of position in target #5.
Main factor that would invalidate setup: 1. Consistent closes above MA 2. Guppy flip to gray --> red This is a midterm hold.
Still learning about Forex so only demo trading this, but this is the play.
Another lesson by Dante.
Might move stops a bit lower later on, this will be decided later.
Trade example included in separate idea.
Testing out some ideas from Trader Dante to improve my stop-losses.