My Trading Plan:
Looking for Price to make a decision at 145.599. This is a major PIVOT area for the price all the way back to 2008.
IF the price breaks above I will look to buy to the next HT and adjust if the price breaks above or pushes down.
IF the price breaks below, I will look to sell to the next HT and adjust if the price...
Looking for Price to reverse @1.14 prices area and then head north. R1 -> 1.14125 R2 -> 1.14161. If price does break above, test and continue northward from R2 -> 1.14161, then I am looking for price to hit the 1.14328 (2h Supply Level)
Expecting the price to hit the 1287.11 level and then either bounce back down to the (plan A) 1280.50 or continue up to the (plan B) 1287.xx. If the price does bounce down, I will buy at that level back up to the 1287.11. Once here I will see if the price will break future resistance of 1287.11 and then push upward to 1290.39. I will take small opportunities as...
We have some nice potential trade setups here forming. Looking at how price has moved historically can allow us to predict future price movement and trade along those lines of Support, Resistance, and associated Trendlines.
Identifying Support and Resistance can be a good way to trade. Learning how the market moves will allow you to capitalize on projected movements and learning to want what the market wants will help us to become better traders.