1INCH / TETHER analysis. Will we Short or Long??
On the 1INCH / TETHER chart on the daily timeframe we see the formed triangle.
The main areas of support and resistance are also marked. The red line shows us the Point Of Control, this is a fair price area.
When we switch to a lower time frame, the situation is clearer, as we see in graph H1.
Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell.
I will discuss all the essentials with my students today and based on our Price action strategy we will look for a suitable place to enter.
Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade.
The main areas of support and resistance are also marked. The red line shows us the Point Of Control, this is a fair price area.
When we switch to a lower time frame, the situation is clearer, as we see in graph H1.
Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell.
I will discuss all the essentials with my students today and based on our Price action strategy we will look for a suitable place to enter.
Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade.