According to our watchlist, the price that has been trapped within the range has now reached the top of the range. Looking back, you can see the price tried several times to break the range resistance but failed.
Plan A (preferred): Wait for the price to move back to the bottom of the range and trigger our short entry, as the overall trend behind this range is bearish.
Plan B: If the range top breaks and is confirmed on the 4H timeframe (not lower), we can enter a long position.
Currently, the price has pulled back to the zone we identified, but the trigger has not yet fired.
You can either:
Place a sell stop so that if news causes a sudden big candle down, we don’t miss the trend.
Or set an alert and monitor closely.
Plan A (preferred): Wait for the price to move back to the bottom of the range and trigger our short entry, as the overall trend behind this range is bearish.
Plan B: If the range top breaks and is confirmed on the 4H timeframe (not lower), we can enter a long position.
Currently, the price has pulled back to the zone we identified, but the trigger has not yet fired.
You can either:
Place a sell stop so that if news causes a sudden big candle down, we don’t miss the trend.
Or set an alert and monitor closely.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.