My Textbook price action analysis on MATICUSDT
Dear Investors
From my previous analysis on this pair, we can see that Price reacted to the active demand I identified, before creating a bullish reaction and an entry confirmation according to my edge. ( link to previous analysis attached below )
However, my first execution was stopped out at -1R before rallying towards my anticipated direction. I knew more opportunities will come so I stayed patient for a breakout of the Accumulation box.
After the breakout and retest, I executed with my confirmation again and price just hit +6R.
In my next Post, I will analyse the active bullish impulse for a potential retracement and entry opportunities for a potential bullish continuation.
Patience, Awareness and Consistency is key to staying Profitable.
From my previous analysis on this pair, we can see that Price reacted to the active demand I identified, before creating a bullish reaction and an entry confirmation according to my edge. ( link to previous analysis attached below )
However, my first execution was stopped out at -1R before rallying towards my anticipated direction. I knew more opportunities will come so I stayed patient for a breakout of the Accumulation box.
After the breakout and retest, I executed with my confirmation again and price just hit +6R.
In my next Post, I will analyse the active bullish impulse for a potential retracement and entry opportunities for a potential bullish continuation.
Patience, Awareness and Consistency is key to staying Profitable.
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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.