Carol Channing was singing this already in 1957. Usually this pattern means reversal and that's what I'll be tracking in the beginning of 2020 - until the end of this year there may be just fakeouts with all the holidays in place.
After a clearly defined direction there's an opportunity for basket of pips. As charted, I'll offload some parts of position at marked areas. So just on radar for the time being.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
After a clearly defined direction there's an opportunity for basket of pips. As charted, I'll offload some parts of position at marked areas. So just on radar for the time being.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Note
For short term trades, here is the trading corridor:Trade active
Small long triggered.Trade closed: stop reached
Small loss.Note
Still opportunity for longs, just let is sett first.
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.
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.