Hello all and good morning to everyone.
Here is a simple chart with a channel and a demand zone. Technically this is an ideal long setup if patient enough. What we are doing here is forecasting price action based on the trend and behavior of the MACD. Seeing a lower low in the price while anticipating the higher low in the MACD is what we are looking for in this setup which we can presume will occur. Of course there are no guarantees in trading and we only look to fill some basic criteria components when entering into a position.
Not financial advice.
Here is a simple chart with a channel and a demand zone. Technically this is an ideal long setup if patient enough. What we are doing here is forecasting price action based on the trend and behavior of the MACD. Seeing a lower low in the price while anticipating the higher low in the MACD is what we are looking for in this setup which we can presume will occur. Of course there are no guarantees in trading and we only look to fill some basic criteria components when entering into a position.
Not financial advice.
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.