After long day of waiting for liquidity and staring at the screen for countless hours, we experienced two great bullbacks today. The only issue is that these movements occurred in the middle of the range, which goes against our trading rules. The worst level to enter trades is around the 50% mark of the range.
Therefore, we are patiently waiting for tomorrow to see if the market gives us a clearer direction, either higher or lower. The worst-case scenario would be if the market starts moving during the night while we’re asleep, causing us to miss the opportunity.
Stay alert and let’s aim for a decent trade when the conditions are right.
Therefore, we are patiently waiting for tomorrow to see if the market gives us a clearer direction, either higher or lower. The worst-case scenario would be if the market starts moving during the night while we’re asleep, causing us to miss the opportunity.
Stay alert and let’s aim for a decent trade when the conditions are right.
DANIEL FADELAY
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.
DANIEL FADELAY
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.