We have entered the second quarter where markets will make sharp movements.
Determining the ranges beforehand is a master's work and not accurate. However, I think the points I have highlighted in blue have the potential to create a nice range.
After the deviations here, I think the price could suddenly reach 90K. Before this 90K move, maybe we will make deviations in the red boxes and see a retest to the 0.5 point. In this case, I want to build a long position with 3% risk by adding another 1.5% to my position.
Determining the ranges beforehand is a master's work and not accurate. However, I think the points I have highlighted in blue have the potential to create a nice range.
After the deviations here, I think the price could suddenly reach 90K. Before this 90K move, maybe we will make deviations in the red boxes and see a retest to the 0.5 point. In this case, I want to build a long position with 3% risk by adding another 1.5% to my position.
Note
The analysis has been completed, the first profits have been taken, the stops have been placed in the entry, I hope you liked it.Note
TP1.Note
TP2Note
After accumulation we might retest the range high or even lower in case of some type of dump I will consider range low as a high risk and mid range as a low risk entry but the trend weakened so I will risk 0.75R at total.Note
Explanation on the chart of last comment.
-I will risk a total of 0.75R on this trade because I am aware that the market is weaker than before.
You can also get this range retest as another proof that our predetermined range is working.
Note
TP1
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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.