Quick after market analysis for possible overnight trade
First trade Is a possible short at the newly formed resistance and I would have my Sl back up again the trend line downward
So entry would be 78.8
Sl would be 79.1
Tp would be 78.3
Here we could counting that when price reach the previous resistance it would have little to no volume to support more upward movements along side the fact that there 2 massive resistances against it.
Here we are counting on price coming back down to previous support where it would take out hopefully both of the 78.05 control of price by volume and if it takes out the 77.65 control of price too with a large wick we can have another long entry there and if price hits our Sl on the first over night trade short we can expect that it would have up and have a breakout past up the resistance to try and hit the 79.8 control of price where we can enter again by waiting for a confirmation of price heading back down to hit the trend line again before bouncing off to 79.80 for a long trade to make back our losses.
All of these trades have a very much probable chances of working out so that is my plan here for tomorrow depending on how things work out.
lets hope no unexpected dump or Pump happens to throw me off here
First trade Is a possible short at the newly formed resistance and I would have my Sl back up again the trend line downward
So entry would be 78.8
Sl would be 79.1
Tp would be 78.3
Here we could counting that when price reach the previous resistance it would have little to no volume to support more upward movements along side the fact that there 2 massive resistances against it.
Here we are counting on price coming back down to previous support where it would take out hopefully both of the 78.05 control of price by volume and if it takes out the 77.65 control of price too with a large wick we can have another long entry there and if price hits our Sl on the first over night trade short we can expect that it would have up and have a breakout past up the resistance to try and hit the 79.8 control of price where we can enter again by waiting for a confirmation of price heading back down to hit the trend line again before bouncing off to 79.80 for a long trade to make back our losses.
All of these trades have a very much probable chances of working out so that is my plan here for tomorrow depending on how things work out.
lets hope no unexpected dump or Pump happens to throw me off here
Comment:
By the way do feel free to share out your thoughts of my trade i could definitely be missing something here