$ATM TRADE SETUP
$ATM is consolidating after a strong move from around 1.56 to the visible high of 2.05. Price is currently around 1.846, with the Supertrend still below at 1.751, while volume has cooled during the consolidation.
LONG IDEA
Entry: Above 1.856 after a confirmed breakout
TP1: 1.965
TP2: 2.050
SL: Below 1.751
SHORT IDEA
Entry: Below 1.751 after confirmation
TP1: 1.638
TP2: 1.528
SL: Above 1.856
I would avoid chasing inside the current range. The cleaner setup is to wait for a confirmed break and let momentum choose the direction.
#USJulyCPI&PPIDueThisWeek #SheinSaidToLaunchHKIPOSubscriptionAroundAug20 #SamsungSKHynixLeadSeoulRally
$ATM is consolidating after a strong move from around 1.56 to the visible high of 2.05. Price is currently around 1.846, with the Supertrend still below at 1.751, while volume has cooled during the consolidation.
LONG IDEA
Entry: Above 1.856 after a confirmed breakout
TP1: 1.965
TP2: 2.050
SL: Below 1.751
SHORT IDEA
Entry: Below 1.751 after confirmation
TP1: 1.638
TP2: 1.528
SL: Above 1.856
I would avoid chasing inside the current range. The cleaner setup is to wait for a confirmed break and let momentum choose the direction.
#USJulyCPI&PPIDueThisWeek #SheinSaidToLaunchHKIPOSubscriptionAroundAug20 #SamsungSKHynixLeadSeoulRally