Simple price action analysis based on SR and trendlines.
The price is breaking outside the consolidation channel, targeting two possible resistance areas.
On Monday, BUY trade can be in play, but attention is required for false breaks, because the DE30 is still a down trend.
Best trades will come later next week, SELL from the two resistance areas.
Trade Safe!
The price is breaking outside the consolidation channel, targeting two possible resistance areas.
On Monday, BUY trade can be in play, but attention is required for false breaks, because the DE30 is still a down trend.
Best trades will come later next week, SELL from the two resistance areas.
Trade Safe!
Comment:
Price has broken the resistance of the side channel, and it is moving to TP direction.
Trade closed: target reached:
TP Was hit at resistance level. Possible reversal ow, or at the next resistance.
Comment:
Price reacted at the resistance area and move to my desired target, but the SL was too short under high market volatility conditions.