After a strong movement in yesterday's session, I believe that the price comes to a correction, because: - a strong resistance level was not broken, the price went beyond the trend channel and at the moment there is a consolidation; a local reversal moment from the resistance level was formed. I recommend searching for short positions.
I continue to talk about my trading principles.
At yesterday's trading session, a large number of orders of participants wishing to sell this asset have accumulated. At the moment, the accumulation ends. We expect the breakdown of the trend line down. I recommend to open a short position at the end of the breakdown of the trend line and the completion of the formation of the first impulsive reversal on the M5.
I assume that there is a change in the trend, as at the trading session yesterday there was a false breakout of the global impulsive level.I recommend to open a short position from the zone of imbalance, after the end of the set of positions and the breakdown with further consolidation below the lower boundary of the trend channel.
I continue to talk about my trading principles.
I will open a short position, because-in the last trading session there was an attempt to reverse; the price is currently in the reversal zone, the potential profit exceeds the potential loss by five times.
I will open a short position because the price has approached to the global impulse level and is in a zone of imbalance; in the last trading sessions have been multiple attempts price reversal down; today is a day off on the American sites and means there is no strong counterparty that can soprotivlyatsya movement
I continue to talk about my trading principles.
I will open a short position because-in the last trading session there was a false breakout of a strong level; I see a set of positions before the sale; I see a decrease in the interest of participants to buy.
The price formed a narrow cumulative "corridor" . This indicates a further long-term movement. I recommend opening positions after leaving the zone of accumulation and consolidation at its border.
Work on timeframes from M1 to H4. The most profitable trade is obtained by M5, M15. At large time intervals, trading is unprofitable, as large stop loss is required.
I'm going to open short positions from the imbalance zones 1 and 2 because: I am watching artificially created blocks of orders; I see a transient at the maximum level block orders; I see a block of "empty" price.
I continue to talk about my trading principles.
On the chart H4 is traced to the completion of the formation triangle with strong resistance at 9600. I recommend searching for long positions from the resistance level.
I continue to talk about the principles of my trading system
I show what should be the system stop loss - and how to minimize the risk in trading.
The price is at maximum monthly levels. I assume that investors will close positions before the weekend. I recommend searching for short positions.
I assume that the price will be adjusted, because-in the last trading session was a strong reversal; at the Top is a strong level of resistance-there will be no macroeconomic factors for its breakdown; positions will be closed before the weekend. I recommend searching for short positions.