Many traders know about the Monday range play:
- wait for Monday high and low to establish
- wait for a sweep of either side, play towards the other side
What many don't know, is that a sweep can fail, which implies there is another play:
- if Monday range breaks to either side
- then if price pulls back into the range, we play towards the side that just broke, not the other side of the range
As with all setups, this is just probabilities. There is no guarantee of trend continuation, but it is more likely to play out vs the other side of the range, after a clean break.
- wait for Monday high and low to establish
- wait for a sweep of either side, play towards the other side
What many don't know, is that a sweep can fail, which implies there is another play:
- if Monday range breaks to either side
- then if price pulls back into the range, we play towards the side that just broke, not the other side of the range
As with all setups, this is just probabilities. There is no guarantee of trend continuation, but it is more likely to play out vs the other side of the range, after a clean break.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.