Two scenarios. One Long. One Short.
Fundamentals:
-
Scenario 1 (Orange arrow)
Target: Next resistance level (upper red rectangle ). Recent swing top.
Requirments:
- Monthly close above the orange rectangle.
- Higher swings above it
Invalidation / SL:
- Fall under orange rectangle AND generating lower swings.
Time duration: days, weeks, months, years... ;)
Scenario 2 (blue arrow)
Target: Next support level
Requirments:
- break under orange rectangle
- break under 50% fib
Invalidation / SL:
- Break above orange rectangle
- No Break under 50% Fib
Time duration: days, weeks, months, years... ;)
Good luck
Fundamentals:
-
Scenario 1 (Orange arrow)
Target: Next resistance level (upper red rectangle ). Recent swing top.
Requirments:
- Monthly close above the orange rectangle.
- Higher swings above it
Invalidation / SL:
- Fall under orange rectangle AND generating lower swings.
Time duration: days, weeks, months, years... ;)
Scenario 2 (blue arrow)
Target: Next support level
Requirments:
- break under orange rectangle
- break under 50% fib
Invalidation / SL:
- Break above orange rectangle
- No Break under 50% Fib
Time duration: days, weeks, months, years... ;)
Good luck
Order cancelled
While price moved to my target (Scenario 2) missed the trade
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.