Couple setups for CND
Couple ideas I see here for CND.
A, you could aim for the low of the range, so around 250 SAT and place your stop loss below the last swing low and look for a target at the top of the range, at around 465 SAT.
B, If you expect it won't tap the low of the range anymore and its prime to break out of the resistance at 465 SAT. You could aim for an entry around 350SAT, Basically the EQ of the green box and look for a target where you expect it will hit first resistance when it breaks out. Because you expect that the green box will hold, you can place your stop loss below that green box, your intended set up would be invalidated when it goes below that area.
C + D, You wait for a break out of the low tranding range and will buy the retest when it retrace back to this level, So around 465 SAT. You don't want to be stopped out right away, so you place your stop loss a bit below the rend line that than turned into support. As target you could aim for 850 SAT and 1190 SAT.
A, you could aim for the low of the range, so around 250 SAT and place your stop loss below the last swing low and look for a target at the top of the range, at around 465 SAT.
B, If you expect it won't tap the low of the range anymore and its prime to break out of the resistance at 465 SAT. You could aim for an entry around 350SAT, Basically the EQ of the green box and look for a target where you expect it will hit first resistance when it breaks out. Because you expect that the green box will hold, you can place your stop loss below that green box, your intended set up would be invalidated when it goes below that area.
C + D, You wait for a break out of the low tranding range and will buy the retest when it retrace back to this level, So around 465 SAT. You don't want to be stopped out right away, so you place your stop loss a bit below the rend line that than turned into support. As target you could aim for 850 SAT and 1190 SAT.
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