Hi fam, I hope y'all had a fantastic weekend ;)
I did, especially yesterday when I was preparing for this week. I realized the trade ideas I shared last week are playing out nicely, and this trade idea is preparing to do the same, although I missed the exact entry point (few pips below the 3rd Weekly Key Lvl) I anticipated to place my trade on this morning after waking up. Despite that, I'm still comfortable with the trade and at the same time maintaining a probabilistic view of the price.
Bulls: -The price will dis-confirm this trade by bullish breaking and retesting the 3rd Weekly Key Lvl and 8 m.a (dark blue). If it does that it will rise up to the Monthly Neckline 2 and 50 m.a to retest them because they were previous bearish broken and not retested.
Bears: -The price triggered my entry signal by bearish breaking and retesting the 3rd Weekly Key Lvl together with the bearish crossed short-term m.a's (8 and 21, blue and red). I call this trade an H&S B-E.2 signal because it is a trend-continuation signal.
That's it for today. I hope you found value in this...If you did, please hit that Like button, and share your point of view in the comments section (I'd love to know your thoughts!)
Yours truly,
Doji-2K1
I did, especially yesterday when I was preparing for this week. I realized the trade ideas I shared last week are playing out nicely, and this trade idea is preparing to do the same, although I missed the exact entry point (few pips below the 3rd Weekly Key Lvl) I anticipated to place my trade on this morning after waking up. Despite that, I'm still comfortable with the trade and at the same time maintaining a probabilistic view of the price.
Bulls: -The price will dis-confirm this trade by bullish breaking and retesting the 3rd Weekly Key Lvl and 8 m.a (dark blue). If it does that it will rise up to the Monthly Neckline 2 and 50 m.a to retest them because they were previous bearish broken and not retested.
Bears: -The price triggered my entry signal by bearish breaking and retesting the 3rd Weekly Key Lvl together with the bearish crossed short-term m.a's (8 and 21, blue and red). I call this trade an H&S B-E.2 signal because it is a trend-continuation signal.
That's it for today. I hope you found value in this...If you did, please hit that Like button, and share your point of view in the comments section (I'd love to know your thoughts!)
Yours truly,
Doji-2K1