If I were a betting man... the yellow circle area is where I would be waiting with a baseball bat for a mole to get out of its hole so I can whack it down.
Long green candle closing near the top. There could be a bit of juice left in this small upside run.
Those diagonals are often really good but this is one very steep. Don't like the angle.
With and old top in sight, I would not be shocked to be a spike to this area.
I have no clue if it will be a one touch or if there will be a build up... or if the resistance will even work. All odds guys so act accordingly.
A note of cautions for the newbies, the last candle alone was 157 pips so in my case, I prefer to go lighter and have a huge stop. If you have the secret sauce to have those tiny 20 pips stops more power to you.
Long green candle closing near the top. There could be a bit of juice left in this small upside run.
Those diagonals are often really good but this is one very steep. Don't like the angle.
With and old top in sight, I would not be shocked to be a spike to this area.
I have no clue if it will be a one touch or if there will be a build up... or if the resistance will even work. All odds guys so act accordingly.
A note of cautions for the newbies, the last candle alone was 157 pips so in my case, I prefer to go lighter and have a huge stop. If you have the secret sauce to have those tiny 20 pips stops more power to you.
Comment:
Use your own style. I won't mention where i put my stop but I am only taking a 1/3 position for now with a wide stop in case there is a spike to get some stops right above this old high. This way, I have something in if there is just a touch and drop while I won't lose my shirt if there is a monster green candle on the way up. I won't discuss it here but I also use edging tactics through another account with my broker. Not unlike MissionFx who by the way is very good in case you are new to trading. He is on youtube and Telegram. Not sure if he is on Tview.