✍️ Weekly Trade Plan & Recap 15th - 20th December
How we nailed Chainlink! Plus analysis for the Dollar Index, EUR/USD, Gold, Silver, S&P 500, Dow Jones 30, Bitcoin, Cardano, Chainlink, Solana, Kava and LOL
Chainlink (LINK/USD) is one of many Crypto calls given to our members since this newsletter began.
This was the setup published to members back in September.
The basic premise of the setup was a Descending Wedge (bullish) into a key Price Pivot Zone (circled). Notice how the market rejects the zone from either side and when the wedge meets the zone, up she goes!
Initial targets were the yellow Supply Zones, which as we know, often act as magnets.
And here’s how that weekly chart played out and looks today.
As you can see, we scaled profits a bit differently and we’ll be holding the remainder of the trade past the original 2nd target to see how far it goes!
Scaling profit early allows us to sit in the remainder of a trade comfortably with no stress and the possibility of catching a long-term runner.
In fact this is exactly the risk management strategy we used for long-term runners on Gold, Silver and the S&P 500.
Next up for members, we’ll look at the Dollar Index, EUR/USD, Gold, Silver, S&P 500, Dow Jones 30, Bitcoin, Cardano, Chainlink, Solana, Kava and LOL. 👇🏼👇🏼👇🏼