Hi team!
We broke above SL last week. We are now at the end of an ABC correction within an ABC correction...within an ABC correction!!
Obvious with hindsight, but with the uncertainty of Big CAD news Friday, was hard to call.
I expect the price to drop from where we are.
We can either get a sniper entry with SL just above channel resistance, or a safer stop sell entry with SL just above the recent daily high in case of a double top.
As ever, do not chase if you hit SL. The benefit of sniper entries is that our losses are tiny, and we only require 1 in 15 to hit to be profitable.
Plan your trade - then trade your plan!
Good luck, trade safe.
DrBear.
We broke above SL last week. We are now at the end of an ABC correction within an ABC correction...within an ABC correction!!
Obvious with hindsight, but with the uncertainty of Big CAD news Friday, was hard to call.
I expect the price to drop from where we are.
We can either get a sniper entry with SL just above channel resistance, or a safer stop sell entry with SL just above the recent daily high in case of a double top.
As ever, do not chase if you hit SL. The benefit of sniper entries is that our losses are tiny, and we only require 1 in 15 to hit to be profitable.
Plan your trade - then trade your plan!
Good luck, trade safe.
DrBear.
액티브 트레이드
Activated!Personally I am going for the safer option - let's see how we go.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.