Looking to buy some AAME if price should move as the blue arrow. Requirements: Price breaks over Resistence area (red line), where i would buy on a retest of it Target: Major Resistance area (upper red line) Stop- Loss: None
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My General rules and approach regarding trading: - I mark levels that i find interesting and set up requirements what price needs to do at these levels so i feel comfortable to take the trade - What price does till its reaches my levels doenst matter to me, even if it takes days, weeks or even months or never at all (Alarms are set and thats it) - For my entries i often use Strategies on smaller time frames and to increase my chances and profitability
Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) - This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading! trader_se
Trade active
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Based on recent price action decided to enter
Comment
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Price went under level (red line). Still holding position.