Hello Snipers, im back once again with a potential setup. Today's trading session was good as i listened to my ideas for once and did not hesitate so im happy about that. Hope you all entered the trading week on a positive momentum. But anyways, lets get into the setup. So currently as we can see, the current trend on a bigger time frame is upwards, so we are going to be favoring buys over sells.
In this instance if we are looking for a long position, we want to wait for price to hit the upper resistance that i have marked (somewhere in the 680's) and based on PRICE ACTION, we will wait for either a rejection at this level, or if the bulls have enough power, we want a break AND a retest unless the bullish braking candle is strong enough to push price high enough to where we have confidence for entry on a buy. Remember to use proper risk management and have a MENTAL stop in place. Please use patience and dont rush the chart.
If we want to short, we can wait to see if we have a rejection at the resistance and if we do we can be safe in shorting to the lower support and further waiting for price action to tell us of the next move.
Pretty simple setup today, or rather next session. Trade safe, TRADE PRECISE, STAY SCOPED SNIPERS!!
In this instance if we are looking for a long position, we want to wait for price to hit the upper resistance that i have marked (somewhere in the 680's) and based on PRICE ACTION, we will wait for either a rejection at this level, or if the bulls have enough power, we want a break AND a retest unless the bullish braking candle is strong enough to push price high enough to where we have confidence for entry on a buy. Remember to use proper risk management and have a MENTAL stop in place. Please use patience and dont rush the chart.
If we want to short, we can wait to see if we have a rejection at the resistance and if we do we can be safe in shorting to the lower support and further waiting for price action to tell us of the next move.
Pretty simple setup today, or rather next session. Trade safe, TRADE PRECISE, STAY SCOPED SNIPERS!!