Waited until Jerome Powell had finished speaking before taking any trades today, Started the day with a new position on APA. The ong entry trade set up is as follows: 1. Directional indicator are moving in opposite directions at an angle (pref > 35 degrees) 2. Volume osciallator (Chakin money flow and On Balance) is increasing 3. Resistance based on higher timeframe. In this case I have set potential resistance at slightly above $35 (Note that this is a projection only and does not necessarily mean that the price is expected to test resistance)
Handel aktiv
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As expected, price reached resistance but could not break through. Down over 4% today which turned an unrealized gain into a loss, Volume suggests downside could be limited so will wait for further development
Kommentera
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Price looking bullish again on the daily. Waitin on confirmation on higher timeframe. Still holding