Swing Trade (D, 240)
We are in overall buyers territory on the Daily, after 84 USD we didn't make an LL and after 98 USD we didn't make an HH. So, we are working on power on both sides (Range Bound) we are on the top of the Range and we can see a clear incident between 99 USD and 104 USD that price came back aggressively and breached the 98 USD S & R and holding below that. We have got 100% retracement and buyers are completely dead. We can expect the price to reach the recent S & R or below the Range ( Blue bottom Line ).
Risk Management is the crucial part of being a trader and you cant drive a car without breaks and thus trading without SL. learn with us and join us on our paid channel.
We are in overall buyers territory on the Daily, after 84 USD we didn't make an LL and after 98 USD we didn't make an HH. So, we are working on power on both sides (Range Bound) we are on the top of the Range and we can see a clear incident between 99 USD and 104 USD that price came back aggressively and breached the 98 USD S & R and holding below that. We have got 100% retracement and buyers are completely dead. We can expect the price to reach the recent S & R or below the Range ( Blue bottom Line ).
Risk Management is the crucial part of being a trader and you cant drive a car without breaks and thus trading without SL. learn with us and join us on our paid channel.
Trade closed: target reached
TP Hit, but still there is sellers momentum. Close the trade when the last seller is taken out on the 1H.
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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.