macro breakout trading in accumulation/redistribution phase

5 kwi 2021

macro breakout trading in accumulation/redistribution phase

simply traffic light system

Yellow = fast profitable/ Best risk to reward Payday Trade

Green = Long/Buy or take profit

Amber = Risky trading area/choppy price action/ 50/50

Red = Short/Sell or take profit

..................figures for targets are always color coded on the price scale to your right on chart.............................

Trader safe, always use as stop and enjoy your bank holiday money

5 kwi 2021

Uwaga

5 kwi 2021

Uwaga

First touch of immediate resistance & local macro trendline

5 kwi 2021

Uwaga

First take profit complete

5 kwi 2021

Uwaga

5 kwi 2021

Uwaga

INTRA DAY TRADING AND COMFIRMATIONS

5 kwi 2021

Uwaga

both hedge short orders filled stop above swing high with view to average out position at upper red box peak of pendant if retest does not come first....stop will be above 58980

5 kwi 2021

Uwaga

now testing our upper trend line or the descending expanding wedge

short hedge stopped out small loss...long trade still held

loss recovered

long now trailed with view to reenter short on confirmation of failed rally at failed test of wedge trendline

5 kwi 2021

Uwaga

5 kwi 2021

Uwaga

macro shackout!!!

5 kwi 2021

Uwaga

6 kwi 2021

Uwaga

6 kwi 2021

Uwaga

immediate resistance hit...more shack out to come

tomorrow we should see true break out or break down

6 kwi 2021

Uwaga

retest complete.....little more shack-out and we should be good for tomorrow

6 kwi 2021

Uwaga

as always green box = long/buyback/take profit

safe to say this touch of green box was a nice add back to long..

long trailed from here

enjoy

7 kwi 2021

Uwaga

this area will need to hold if we are to have lift off.........if not we will see the 53k area of chart