Two possible scenarios that if they should occur i plan to take long positions.
Scenario 1 - Orange arrow
Price moves against Support level (lowest blue line)
Scenario 2 - Blue arrow
Price moves against center Support level (middle blue line). Moves under it and reclaims it.
Targets are the next big Resistance levels.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
Scenario 1 - Orange arrow
Price moves against Support level (lowest blue line)
Scenario 2 - Blue arrow
Price moves against center Support level (middle blue line). Moves under it and reclaims it.
Targets are the next big Resistance levels.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
Comment:
Looking good - lets see how long it takes to reach the blue line
Comment:
Price getting closer to first interesting area (blue line)
Trade active:
Blue Scenario
- Price went under blue S/R level and reclaimed it
- Price went under blue S/R level and reclaimed it
Trade closed manually:
Target not reached yet, though personally dont like the PA here. WIll close later the position with around 30% made
Comment:
Final result: +36.81% profit
