What we’re looking at here is a beautifully balanced range market, the kind I love trading, because it speaks so clearly when you take a moment to listen. Price is respecting both sides of this range clearly. The lows are being protected and respected multiple times before.
We’ve already tapped into that lower bound, and the reaction has been good, together with liquidity collecting. And when price finds its feet in these kinds of zones, I immediately think of what the range is offering, right now, with risk clearly defined and reward just sitting at the other edge, waiting.
If price gives us one more small retest, I’m watching for confirmation: not just in candlestick structure, but also in volume behavior. I have my eyes set straight on that upper resistance zone near 0.90000.
And from there unless there’s a news catalyst or volume breakout, that’s where the move likely might exhaust… and that’s where I’m out, before the reversal can bite.
If the structure shifts, I’ll shift too. But until then, this is a perfect range.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
We’ve already tapped into that lower bound, and the reaction has been good, together with liquidity collecting. And when price finds its feet in these kinds of zones, I immediately think of what the range is offering, right now, with risk clearly defined and reward just sitting at the other edge, waiting.
If price gives us one more small retest, I’m watching for confirmation: not just in candlestick structure, but also in volume behavior. I have my eyes set straight on that upper resistance zone near 0.90000.
And from there unless there’s a news catalyst or volume breakout, that’s where the move likely might exhaust… and that’s where I’m out, before the reversal can bite.
If the structure shifts, I’ll shift too. But until then, this is a perfect range.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.