1. We broke highs for the previous day and the over night high within moments of market open. This creates conditions for taking long positions, but we will still need more confluence.
2. We had a bullish indications from Ichimoku which was the confluence to confirm our above theory. We had our eyes set on the top of the cloud which we penetrated by EOD. This now has the potential to act as support moving forward.
Overall this was a great day for a trend trader.
No comments:
Post a Comment