Good day all, as i said here s the proper setup for this past NFP, i m posting cause 1 this setup occur often in trading if not on daily basis for sure once a week it s such a great money spot cause very accurate brings a nice amount of pips n usually we can apply a tight stop loss order that give us a nice RR ratio! 2 the setup posted before was also good but unfortunately doesn t gives us the retest for a proper entry and anyway the movement was already in place as we can see from this pic!
Anyway technically what means this we have an ascending wedge and we can see already in it that price starts to reverse cause of that little wedge inside in. So after the accomulation price break and we ve a strong conflunce cause the TL match with the strong resistence so no way price will go down and if we wanna add the great numbers figured by the dollar that s it.
i ve see this too late but it s ok sometimes happen.
Now the TP is a bit down but on another perspective now price looks like retesting a down channel so could reverse from there already.
Anyway seee you soon with another opportunity!
PS follow me also on instagram COMMUNITYTRADERS2392 post some analysis and content of my journey!
Anyway technically what means this we have an ascending wedge and we can see already in it that price starts to reverse cause of that little wedge inside in. So after the accomulation price break and we ve a strong conflunce cause the TL match with the strong resistence so no way price will go down and if we wanna add the great numbers figured by the dollar that s it.
i ve see this too late but it s ok sometimes happen.
Now the TP is a bit down but on another perspective now price looks like retesting a down channel so could reverse from there already.
Anyway seee you soon with another opportunity!
PS follow me also on instagram COMMUNITYTRADERS2392 post some analysis and content of my journey!