Be aware this trading scenarios are based on the 15min chart.
Resistance area 1 served as support aswell resistance in the last days. Looking to take one or both trades price should move as shown with the arrows.
Long (Orange arrow)
Requirements:
- Price retakes Resistance area 1
- Price moves atleast to S/R level 1 (higher would be even better)
- Long open when price falls back to Resistance area 1
Target: Former Swinghigh
S-L: See chart - i dont want to see a candle open/close below it
Short (Blue arrow)
Requirements:
- Price breaks above Resistance area but cant close above S/R level 2
- Price falls back under Resistance area 1
- Enter short after a candle opened and closed below Resistance area 1
Target: Psychological level of 1 EUR : 1 USD
S-L: See chart - i dont want to see a candle open/close above it
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Resistance area 1 served as support aswell resistance in the last days. Looking to take one or both trades price should move as shown with the arrows.
Long (Orange arrow)
Requirements:
- Price retakes Resistance area 1
- Price moves atleast to S/R level 1 (higher would be even better)
- Long open when price falls back to Resistance area 1
Target: Former Swinghigh
S-L: See chart - i dont want to see a candle open/close below it
Short (Blue arrow)
Requirements:
- Price breaks above Resistance area but cant close above S/R level 2
- Price falls back under Resistance area 1
- Enter short after a candle opened and closed below Resistance area 1
Target: Psychological level of 1 EUR : 1 USD
S-L: See chart - i dont want to see a candle open/close above it
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Trade active
Blue arrow scenario worked out nicelyTrade closed: target reached
Related publications
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.
Related publications
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.