Strong Move coming in from the sellers on the 60m Time frame. from the pullback it seems buyers are weak.
Possible Reactions from buyers.
1. Buyers pulls back into the 50% retracement starts to range showing that buyers cannot take prices higher. A short position can be considered.
2. Buyers Steps up breaks it convincingly and holds above that price. If that happens, i will wait for a pull back that shows that the sellers are no longer around and take a long to the recent high on the 60m timeframe.
3. Sellers Goes south breaking the range without pull backs. Standby and wait for pull back
Possible Reactions from buyers.
1. Buyers pulls back into the 50% retracement starts to range showing that buyers cannot take prices higher. A short position can be considered.
2. Buyers Steps up breaks it convincingly and holds above that price. If that happens, i will wait for a pull back that shows that the sellers are no longer around and take a long to the recent high on the 60m timeframe.
3. Sellers Goes south breaking the range without pull backs. Standby and wait for pull back
Bình luận:
Price is currently at the 50% retracment Still on standby waiting for signs of sellers before entering the trade as the pull back from the buyers is strong.
Bình luận:
2. Buyers breached. Gauging momentum to see if buyers is real or probe.
On standby
On standby
Giao dịch đang hoạt động:
Shorted. Price could not hold above
Bình luận:
Buyers probed the breech and got smacked back down. Scenario 1 is playing out.
Sellers should be able to take it to TP 1
Sellers should be able to take it to TP 1
Bình luận:
Shifted Stoploss to 0. stoploss currently at 1.14178.
Bình luận:
TP 1 done. Looking to add positions if a weak pull backs comes in.
Đóng lệnh: đạt mục tiêu