Would You Follow STEVIE WONDER...
As you can see i have a few key levels of interest marked on my chart. I had a buy order set at 1725 which was triggered earlier.
Why did i have an order set at 1725? Well if you take a look it has been used as support and resistance previously on the higher timeframes (this makes it a strong psychological level) The higher the timeframe the stronger the level.
Now for the same reason as above i am expecting price to reach 1751 and possibly drop, from 1751 my sell target will be 1680, again as this level is a very strong psychological level.
As always when price approaches any level you must look to see how it reacts, because a break of any strong level can see price move very fast.
Don't take trades based on my analysis alone, do your own analysis and if your analysis matches mine then take the trade. Ask yourself this... WOULD YOU FOLLOW STEVIE WONDER INTO THE JUNGLE? Your answer is probably NO, so why would you blindly follow someone's trades?
If you have any questions or need any help then please message me.
Thanks.
Why did i have an order set at 1725? Well if you take a look it has been used as support and resistance previously on the higher timeframes (this makes it a strong psychological level) The higher the timeframe the stronger the level.
Now for the same reason as above i am expecting price to reach 1751 and possibly drop, from 1751 my sell target will be 1680, again as this level is a very strong psychological level.
As always when price approaches any level you must look to see how it reacts, because a break of any strong level can see price move very fast.
Don't take trades based on my analysis alone, do your own analysis and if your analysis matches mine then take the trade. Ask yourself this... WOULD YOU FOLLOW STEVIE WONDER INTO THE JUNGLE? Your answer is probably NO, so why would you blindly follow someone's trades?
If you have any questions or need any help then please message me.
Thanks.
إخلاء المسؤولية
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