As part of the recent “pump”, I believe that buyers are slightly exhaled and may begin to take part of the profits. In turn, pound sellers can start activity and drive the market into range.
I have outlined for myself the likely scope of the future range and am going to trade from support to resistance.
The first thing I’m going to sell is resistance.
I will be more careful with sales than with purchases, because the trend is long.
The price arrows are for demonstration purposes only. As a rule, the “exactly” market moves very rarely.
(Bulls make money, bears make money, and pigs .... they cut pigs. You cannot trade without stops in the forex market, do not forget that!)
I have outlined for myself the likely scope of the future range and am going to trade from support to resistance.
The first thing I’m going to sell is resistance.
I will be more careful with sales than with purchases, because the trend is long.
The price arrows are for demonstration purposes only. As a rule, the “exactly” market moves very rarely.
(Bulls make money, bears make money, and pigs .... they cut pigs. You cannot trade without stops in the forex market, do not forget that!)
I do not delete sell orders, I will wait for development, maybe there will still be an attempt to check the maximum
but it was a little disappointing