So long as the green daily buyers breach holds as support then this trade setup is looking good.
1. Buy. RiskReward 5.3, Try to get a buy entry as close to the green line as possible and look for top of range for TP.
2. Sell. RiskReward 2.3, Buyer exhaustion should set in around the top red dotted line and a sell off will kick in. This will shake out stop losses ready for an upsurge. Grab this on the way down if you're so inclined but DO NOT enter trade until confirmation of buyer exhaustion - momentum and candles.
3. Buy. Risk Reward 3.1, Finally I expect the over all up channel to want to continue and unless a range develops further then, look to buy again at the top red dotted line breach zone for a third buy into old highs and beyond.
Good Risk Rewards available on all trades. Make your entries carefully, don't enter w shitty prices.
1. Buy. RiskReward 5.3, Try to get a buy entry as close to the green line as possible and look for top of range for TP.
2. Sell. RiskReward 2.3, Buyer exhaustion should set in around the top red dotted line and a sell off will kick in. This will shake out stop losses ready for an upsurge. Grab this on the way down if you're so inclined but DO NOT enter trade until confirmation of buyer exhaustion - momentum and candles.
3. Buy. Risk Reward 3.1, Finally I expect the over all up channel to want to continue and unless a range develops further then, look to buy again at the top red dotted line breach zone for a third buy into old highs and beyond.
Good Risk Rewards available on all trades. Make your entries carefully, don't enter w shitty prices.
Comment:
Cancelled, buyer zone was breached and we're in a sellers trend on this timeframe.