APPLE is overall bullish trading inside the brown channel so we will be looking for Trend-Following Buy setups as if it approaches our lower brown trendline.
Here are the two strong zones where need to be looking for high probability setups:
Around 130.0 in blue
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand zone and lower brown trendline. (trend-following setup)
Around 150.0 in green
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 150.0 and upper brown trendline. (over-bought / over-extended area)
Unless APPLE breaks the 150.0 upward aggressively, then we will be looking for buy setups on its retest.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Here are the two strong zones where need to be looking for high probability setups:
Around 130.0 in blue
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand zone and lower brown trendline. (trend-following setup)
Around 150.0 in green
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 150.0 and upper brown trendline. (over-bought / over-extended area)
Unless APPLE breaks the 150.0 upward aggressively, then we will be looking for buy setups on its retest.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.