PYPL against the ascending trendline + lower timeframe view
Today we will talk about PYPL!
-The price has bounced on the main ascending trendline since the 2020 March bottom
-What can we expect from here? We have defined two horizontal levels (green and red) for the bullish and bearish views. Please don't consider them as triggers; use them as reference lines. On the next image, we will show you the specific filters we will be using to develop setups (we will not short PYPL. However, we defined what, in our view, would be a clear scenario)
-What about Risk? Always absolutely always risk no more than 1% to 2% of your capital. That will keep your account safe and your mental state healthy.
-We can keep writing to make this post longer. But all the necessary information to have a clear idea on what we are observing here is already on the text and the image.
We wish you a great trading week.
-The price has bounced on the main ascending trendline since the 2020 March bottom
-What can we expect from here? We have defined two horizontal levels (green and red) for the bullish and bearish views. Please don't consider them as triggers; use them as reference lines. On the next image, we will show you the specific filters we will be using to develop setups (we will not short PYPL. However, we defined what, in our view, would be a clear scenario)
-What about Risk? Always absolutely always risk no more than 1% to 2% of your capital. That will keep your account safe and your mental state healthy.
-We can keep writing to make this post longer. But all the necessary information to have a clear idea on what we are observing here is already on the text and the image.
We wish you a great trading week.