Exit is key to mastery. Knowing where to stop your wins is the final frontier, take your profits, move on to the next one. Of course, don't ignore lesson 1, stop your losses too. Because every trade has a beginning and an end, that is the art.
After multiple weeks in a downtrend, EURUSD is finally showing signs of life.
1. The Schema Band is showing a very positive turn for the first time since July 26
2. CDV Momentum is up without much volume, so lots of room to run.
3. DMI FLEX has not expanded and flexed, so again there should be room to run.
EURUSD 1.1000 appears to be an achievable target.
There might be a case for lower lows since the peak from March 30. But I see a upward price wave coming.
The reading that I see is the VCO divergence, as the red-shaded box ending at Apr4 boundary, is much narrower than the prior red downtrend at Apr3 boundary.
The alternative translation from a trader psychology perspective, is that those sellers represented...
While others are asking if BTC has bottomed, I'm simply trading patterns. Because I don't believe in predictions, good trading decisions come from observations and participation, not anticpation.
So, as BTC breaks yesterday's highs, there was a nice bearish VCO volume fueling a nice reversal, setting up for a rally potentially beyond the recent highs. The...