๐ข Buy signal on $CVX (1H)
๐ Entry: 2.3970 โ 2.4123
โณ Enter after a 15m candle closes above 2.3939 with high volume
๐ Stop: 2.3588
๐ฏ Targets: 2.4504 | 2.5062 | 2.5429
โ๏ธ Risk/reward: 1:2.2 (1:1.8 from the zone edge) | ๐ช Confidence: 74%
๐ง The logic, simply:
โ The entry zone is where resistance (4 touches) lies.
โ Market structure broke in your direction (BOS) โ the trend is being confirmed.
โ The trend is bullish on the 1-hour timeframe โ price is above the moving averages (50 and 200).
โ ๏ธ Note: The zone is in the expensive part of the range โ reduce your position size.
โ Invalidated if a 1H candle closes below 2.3588 (valid for ~4 hours).
๐ Take 40% at target 1 and move the stop to breakeven.
Who's with me on $CVX ? What's your first target?
โ ๏ธ Don't enter with a position size larger than you can afford to stop out on โ risk only 1โ2% of your portfolio.
๐ Entry: 2.3970 โ 2.4123
โณ Enter after a 15m candle closes above 2.3939 with high volume
๐ Stop: 2.3588
๐ฏ Targets: 2.4504 | 2.5062 | 2.5429
โ๏ธ Risk/reward: 1:2.2 (1:1.8 from the zone edge) | ๐ช Confidence: 74%
๐ง The logic, simply:
โ The entry zone is where resistance (4 touches) lies.
โ Market structure broke in your direction (BOS) โ the trend is being confirmed.
โ The trend is bullish on the 1-hour timeframe โ price is above the moving averages (50 and 200).
โ ๏ธ Note: The zone is in the expensive part of the range โ reduce your position size.
โ Invalidated if a 1H candle closes below 2.3588 (valid for ~4 hours).
๐ Take 40% at target 1 and move the stop to breakeven.
Who's with me on $CVX ? What's your first target?
โ ๏ธ Don't enter with a position size larger than you can afford to stop out on โ risk only 1โ2% of your portfolio.