GOOGL 4H Trading Plan | Long at 348
I currently have a long position near 348, worth about $1,111.
The price is now around 350.
The 4H structure is tentatively bullish:
Price is still above the EMA20, EMA50, and EMA250.
But I won't chase the price around 350–352.
My plan:
346–348 → First area to watch / add a small amount
341–343 → Second add-on zone
337–339 → Final area to watch
Below 337 → Stop adding and reassess the trend
Upside levels:
352 → First breakout level
358–360 → Strong resistance
364.5 → Previous high
Fundamentals remain strong: Alphabet's Q2 revenue was up 24%, Cloud was up 82%, and AI remains the main growth driver.
But the biggest macro risks are:
A hawkish Fed + elevated U.S. Treasury yields.
So my current subjective assessment is:
55% chance of rising | 45% chance of falling
I'm not trying to predict every move—I'll only trade structures I understand.
Follow the breakout, buy the pullback, and admit I'm wrong if support breaks.
I currently have a long position near 348, worth about $1,111.
The price is now around 350.
The 4H structure is tentatively bullish:
Price is still above the EMA20, EMA50, and EMA250.
But I won't chase the price around 350–352.
My plan:
346–348 → First area to watch / add a small amount
341–343 → Second add-on zone
337–339 → Final area to watch
Below 337 → Stop adding and reassess the trend
Upside levels:
352 → First breakout level
358–360 → Strong resistance
364.5 → Previous high
Fundamentals remain strong: Alphabet's Q2 revenue was up 24%, Cloud was up 82%, and AI remains the main growth driver.
But the biggest macro risks are:
A hawkish Fed + elevated U.S. Treasury yields.
So my current subjective assessment is:
55% chance of rising | 45% chance of falling
I'm not trying to predict every move—I'll only trade structures I understand.
Follow the breakout, buy the pullback, and admit I'm wrong if support breaks.