I am waiting for a breakout in one direction or the other, on the daily, which you can see below.
On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest.
Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile.
I am somewhat short biased, to be honest.
Trading daily timeframes is preferable, for it allows one to realize proper volumes, being able to enter the position piecemeal, accumulating the volume with limit orders, getting a nice average entry price. A nice tip for anyone with a somewhat decent account size(above 500k USD at least)
The spread is less sensitive for you in that case too. But remember, that long term positions can screw you with the swaps costs.
Guys, like and subscribe to support the channel! I really appreciate the effort!
Wish you all luck in your trading!
On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest.
Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile.
I am somewhat short biased, to be honest.
Trading daily timeframes is preferable, for it allows one to realize proper volumes, being able to enter the position piecemeal, accumulating the volume with limit orders, getting a nice average entry price. A nice tip for anyone with a somewhat decent account size(above 500k USD at least)
The spread is less sensitive for you in that case too. But remember, that long term positions can screw you with the swaps costs.
Guys, like and subscribe to support the channel! I really appreciate the effort!
Wish you all luck in your trading!
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✅For VIP SIGNALS contact: t.me/prosignalsfx_contact
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