So, they guy says that you need:
If all the previous apply:
So here we go:
- A sideway movement, not necessarily a channel, just a horizontal movement.
- A "build up" meaning a consolidation either on the top or the bottom of the area
- If long, the lows should sit around the EMA20
If all the previous apply:
- Limit buy/sell on the top or low of the area
- SL around ATR +/-3 of that value, I will put just below the EMA20 (this one is long)
- Exit when the price closes over or below the ATR -+3
So here we go:
Note
Price is falling, doesn´t look like it will go up in the short term... will wait for more candles to close, so for now no trade ahead in the horizon.Note
Flat for now, no PA suggesting any direction. Meaning that there is no build up on any side of the range. Note
Correction, this is the chart with the EMA20, latter was with EMA200Order cancelled
it made the breakout but the buildup wasn´t clear, next time!
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.