Called out a sell now im telling you to buy, PRICE ACTION ;)
Well dont buy yet we have to wait for confirmation.
Let talk about the sell first. Price is in an overall uptrend, we was following this trendline all the way up to the top of channel, as predicted we would have some sort of reaction at this pinnicale point. As we broke a previous support level we was waiting for a pull back into this zone before looking to get in on a sell, unfortunantly i didnt get what i thought was a strong enough pull back to the resistance zone, the analylis was sent out to the AshFX team so im sure some of them got in on this trade. Im sure i said looking at a short term sell to the next support level with a view of looking to go long at that level, which brings us onto the buy scenario.
We are simply waiting for a clear break and retest of that major support level with the idea price will continue to push up this channel to the upside.
Tip: sometimes you predict that price is going to go in a certain direction but you cant get an entry for one reason or another, for one be happy that your prediction was correct, and secondly well done for staying disciplined and sticking to your trading rules, discipline is key for longevity in this game.
Any questions feel free to comment always happy to help,
If your new to my page please consider following,
Good luck, stay blue,
Ash.
Let talk about the sell first. Price is in an overall uptrend, we was following this trendline all the way up to the top of channel, as predicted we would have some sort of reaction at this pinnicale point. As we broke a previous support level we was waiting for a pull back into this zone before looking to get in on a sell, unfortunantly i didnt get what i thought was a strong enough pull back to the resistance zone, the analylis was sent out to the AshFX team so im sure some of them got in on this trade. Im sure i said looking at a short term sell to the next support level with a view of looking to go long at that level, which brings us onto the buy scenario.
We are simply waiting for a clear break and retest of that major support level with the idea price will continue to push up this channel to the upside.
Tip: sometimes you predict that price is going to go in a certain direction but you cant get an entry for one reason or another, for one be happy that your prediction was correct, and secondly well done for staying disciplined and sticking to your trading rules, discipline is key for longevity in this game.
Any questions feel free to comment always happy to help,
If your new to my page please consider following,
Good luck, stay blue,
Ash.
