Today we will talk about CRM. Here we have an active setup, and we will explain why we decided to develop it this way.
Main structure: The most important aspect of the chart before the entry was executed, was this huge Flag pattern above a dynamic support resistance level. We were waiting for a breakout of the structure before developing setups. Also, we could observe 0 resistance levels after that.
Time Horizon: When you are trading a big structure, you must understand that these types of setups take a lot of time to evolve. However, that's not a problem if you know how to handle your anxiety and have other setups or strategies running with this.
The target: Is a convergence between fibo extensions and an ascending channel that is not defined yet (we need a new ATH to confirm it. However, if that happens, the alignment is pretty good.
Activation Level: Our entry price is always above minor resistance zones of the corrective pattern, or in other words, "Always above B." That way, we avoid a lot of fakeouts.
Invalidation Level: IF everything goes wrong, the invalidation level we have is below the structure. There we will automatically close our setup losing 1.5% of our Capital.
Thanks for reading!
Main structure: The most important aspect of the chart before the entry was executed, was this huge Flag pattern above a dynamic support resistance level. We were waiting for a breakout of the structure before developing setups. Also, we could observe 0 resistance levels after that.
Time Horizon: When you are trading a big structure, you must understand that these types of setups take a lot of time to evolve. However, that's not a problem if you know how to handle your anxiety and have other setups or strategies running with this.
The target: Is a convergence between fibo extensions and an ascending channel that is not defined yet (we need a new ATH to confirm it. However, if that happens, the alignment is pretty good.
Activation Level: Our entry price is always above minor resistance zones of the corrective pattern, or in other words, "Always above B." That way, we avoid a lot of fakeouts.
Invalidation Level: IF everything goes wrong, the invalidation level we have is below the structure. There we will automatically close our setup losing 1.5% of our Capital.
Thanks for reading!