zaffyx

zaffyx

Two ideas: 1. SELL - Looking for a potential sell area at the red box. Confirmations to enter this trade would be a break and retest and then a candle confirmation such as an engulfing candle or doji on the trendline and resistance. 2. BUY - Option if the market breaks the resistance and trendline. I would not enter this trade until the market retests on the...

zaffyx

Two ideas: 1. Buy if the market retests at the red trendline. I would not enter without that confirmation. Other confirmations for this trade are engulfing candle and that zone respecting the fib taken from previous low to high. 2. Sell if the market breaks the red trendline. I would look for a candle confirmation and also I would wait for the market to retest at...