NVDA Daily Crossover Swing

15 sept.

NVDA

NVDA has triggered both the daily and the weekly crossover. Both can be approached as separate trades, this is just the daily outline.

Additional Trigger:
Only to try and get a better R/R based on the S&D zones, I would aim for an entry around Thursday's LOD (115.38).
A more safer approach would be the 114.11 test, which would be a .5 fib retracement from the previous Strong Low

SL: 106.60 (1.4 ATR multiplier, and just inside heavy demand zone)
TP: 135.57 (3.2 ATR multiplier and just below a possible liquidity grab)
Max Date: Market Open Thursday, 9/26

^^As always, which ever hits first

Additional levels to consider trims/rolls:

125.61 - Supply zone touch
131.26 - Previous strong high, possible liquidity grab
134.14 - Supply zone touch

What I'm targeting to purchase:
If we get the pullback to 115.38, I'd like the Oct18 115c for around 6.65 per con.
At max date, the con is expected to lose 3.89 or gain 15.10, based on original SL and TP levels.

16 sept.

Transaction en cours

NVDA LOD was 114.36, almost near the safter .5 fib retracement level for entry.
None-the-less, this trade is active.