SUNDAZE TREND, IS... OUR FRIENDS- right?!
Im enjoying this pairs UPTREND and CONSISTENCY!
Spending time just watching the market move has changed my trading plan/style for the BETTER! Some people like to trade multiple pairs - i find that it's too much to memorize, too many moves to pay attention too and too RISKY... for MY learning style!
Sharing my analysis on here helps me absorb what i see in the market by having to explain and TYPE it out!
LOOKING AT THE 3HOUR CHART:
Price has approached a VALUE AREA -THE DAILY UPPER TREND LINE- price is also right in the middle of my trading zones (i wont touch it until it breaks the upper trend line)
LOOKING AT THE 1HOUR CHART:
Price is in a small range - price has REJECTED the lower range 2 times and the upper range 3 times
LOOKING AT THE 15MIN CHART:
I am waiting to see how price will react to the lower range again
_________________________________________________________
-will price create a LOWER LOW and head down further?
*** IF SO, i'll wait for price to retrace lower towards previous VALUE AREA @1558.50 OR LOWER @1547.00 (previous RED ZONE)
-will price reject the area again and head UP and make a HIGHER HIGH?
*** IF SO, i will place a BUY LIMiT at the BREAK AND CLOSE above the small RANGE (above previous high) @1576.00
Spending time just watching the market move has changed my trading plan/style for the BETTER! Some people like to trade multiple pairs - i find that it's too much to memorize, too many moves to pay attention too and too RISKY... for MY learning style!
Sharing my analysis on here helps me absorb what i see in the market by having to explain and TYPE it out!
LOOKING AT THE 3HOUR CHART:
Price has approached a VALUE AREA -THE DAILY UPPER TREND LINE- price is also right in the middle of my trading zones (i wont touch it until it breaks the upper trend line)
LOOKING AT THE 1HOUR CHART:
Price is in a small range - price has REJECTED the lower range 2 times and the upper range 3 times
LOOKING AT THE 15MIN CHART:
I am waiting to see how price will react to the lower range again
_________________________________________________________
-will price create a LOWER LOW and head down further?
*** IF SO, i'll wait for price to retrace lower towards previous VALUE AREA @1558.50 OR LOWER @1547.00 (previous RED ZONE)
-will price reject the area again and head UP and make a HIGHER HIGH?
*** IF SO, i will place a BUY LIMiT at the BREAK AND CLOSE above the small RANGE (above previous high) @1576.00
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.