Long?
Good Morning Everyone,
Today we found a great oppurnity in AU for a long term trade, this means, it's for a Day Trade.
If you look for the last 3 candles formed on the chart, in the 1H time-frame, rejection of happening in this LL zone. In this LL zone we had a reversal movement which happened in the early beginning of January. The two movements are not the same because one of them was caused by Institutions and the other was was a pression from Buyers, which indicate different situations of reversal.
In case of reversal, we established 3 targets.
1º Is the previous LL zone, an important area which can also be a reversal point and now it's a Resistance zone for us
2º It's an intermediate zone in the Ranging Zone
3º Is the HH zone but it can only be considered a Target zone once the 1º is broken
Wait for the correct movements, candle stick patterns, chart patterns and, most importantly, DON'T FOMO.
Have a nice weekend and see you next time!
Today we found a great oppurnity in AU for a long term trade, this means, it's for a Day Trade.
If you look for the last 3 candles formed on the chart, in the 1H time-frame, rejection of happening in this LL zone. In this LL zone we had a reversal movement which happened in the early beginning of January. The two movements are not the same because one of them was caused by Institutions and the other was was a pression from Buyers, which indicate different situations of reversal.
In case of reversal, we established 3 targets.
1º Is the previous LL zone, an important area which can also be a reversal point and now it's a Resistance zone for us
2º It's an intermediate zone in the Ranging Zone
3º Is the HH zone but it can only be considered a Target zone once the 1º is broken
Wait for the correct movements, candle stick patterns, chart patterns and, most importantly, DON'T FOMO.
Have a nice weekend and see you next time!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.