i believe it could be long or short depending on what thats plays out
I am initiating Short if:
. Breaks wedge downwards
. making a double top
. breaks the 1 day trend line (yellow) heading back towards the bottom of the channel
.breaks the RSI trend line heading for the bottom
. breaks the pivot point which is located on one day trend line (yellow)
I am initiating Buy if:
. Stays above pivot
. Breaks R1 pivot and ascending wedge for a blow out
. bounces off of RSI Trend line
Trade with caution it is never 100% correct
If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading
hope this goes as planned like my other idea i posted which turned out very successful
Thanks Lewis
I am initiating Short if:
. Breaks wedge downwards
. making a double top
. breaks the 1 day trend line (yellow) heading back towards the bottom of the channel
.breaks the RSI trend line heading for the bottom
. breaks the pivot point which is located on one day trend line (yellow)
I am initiating Buy if:
. Stays above pivot
. Breaks R1 pivot and ascending wedge for a blow out
. bounces off of RSI Trend line
Trade with caution it is never 100% correct
If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading
hope this goes as planned like my other idea i posted which turned out very successful
Thanks Lewis
Kommentera:
TP1 Hit
Kommentera:
Using top of wedge as a resistance at the moment
lets what and see if it bounces
lets what and see if it bounces
Trade stängt: målet nått:
hit tp1 forming double head
Handel aktiv:
trading still active ignore above
Trade stängt: målet nått
Kommentera:
whoops should of held it