Had a beautiful setup with this last week, added entries along the way. Had a buy limit which wasn't triggered but the forecast was correct. Our aim is to be the best meteorologists out there.
Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening will also help give us perspective on where and what we need to look out for.
But we did get a double top, so we should expect a bear run but it is not certain or guaranteed yet. If we close below 150.500 then we can start looking for entries.
TRADE IDEA : wait for price first Sell Stop
SL - 151.25
Entry - 150.45
TP -146.5
Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening will also help give us perspective on where and what we need to look out for.
But we did get a double top, so we should expect a bear run but it is not certain or guaranteed yet. If we close below 150.500 then we can start looking for entries.
TRADE IDEA : wait for price first Sell Stop
SL - 151.25
Entry - 150.45
TP -146.5
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Mhangwane1
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