does it make sense what will happen next where should you look for your entries and what would confirm strong bears or strong bulls ummm the answers are actually quite easy as are the am i right or am i wrong confirmations BUT DO YOU KNOW WHAT THEY ARE ?????
time to look at the lower timeframes looking for a short but also what needs to happen for a long ...perhaps but i am favouring a short based on this weekly chart
just coming up into the sell zone it has reversed from here before the higher you can sell the better your RR
will review again these lines after the overnight before tomorrows open Good luck traders
will look again tomorrow at 7 am UK time to see how things have changed good luck traders
bulls pushed PA to new highs now we are as expected getting the re test of the range top where and when will the bulls come back in to push on to ever new highs ?? you can see the lines i am watching , and i am looking waiting for a buy signal from those lines
wait for the pull back watch it on the 1 hour for your confirmation time to buy ,soon but i would expect some selling first as we are at the top of a previous range
well this is interesting come on you buyers where are you GOOD POTENTIAL RR
i know and thats with the double bottom but i dont like the last two candles China has some increased covid issues cant break thro 70 NOTE 4 HOUR CLOSE ABOVE 70 AND I AM NO LONGER A BEAR
crrently near the bottom of the range so time to start looking for the bulls entering the market but if they dont then watch the two levels lower LEVELS TO LOOK FOR A BUY
watch the lines folks on the 4 and the 1 hour will the bulls push price a little higher to the major structure level where you could have a great RR trade
it s a little early but now is the time to start watching lets see what happens over the next two days are the sellers still strong or will the buyers come in tomorrow to push price up PATIENCE now ...let the market show us
look at my last ideas and if you like them and you d like some insight on where this is going next well just give us a like ...please All the best Rob
can you draw just two lines at the 50s and the 100s ...do you get that 7150 7250 7350 7100 7200 7300 wait for PA to get to those lines , then plan your reversal trade STUDY IT -IT WORKS
you dont get them all right ...COME ON REALLY but get the RR right , practice watching the PA at the levels PLAN -PATIENCE-EXECUTION -MANAGEMENT GOOD LUCK TRADERS
no obvious levels on this time frame so lets go up one
so we know where we want to buy from and we know where we can watch for a sell from and we know about good risk /reward profiles GOOD TO GO WHEN IT SETS UP THEN
trading is about -PLANNING - PATIENCE - EXECUTION - MANAGEMENT good luck Rob