Hello everyone. This is a pretty simple sideway trading strategy.
The range is 1.6580-1.7128 which has been respected 61 days. I already set the alerts around the bottom and the top. The scenario might be as below:
1. Sideway continuation: Price could go through the upper zone. Looking for bearish formation on 1H or 4H chart. Target is the opposing zone.
2. Sideway terminated with strong momentum to the upside: Momentum is strong and zone got violated. I plan to long for the pullback.
Sideways structure are easy to trade. In one word, buy low & sell high. It works until it doesn't. That's fine.
Give me a like if you're with me.
The range is 1.6580-1.7128 which has been respected 61 days. I already set the alerts around the bottom and the top. The scenario might be as below:
1. Sideway continuation: Price could go through the upper zone. Looking for bearish formation on 1H or 4H chart. Target is the opposing zone.
2. Sideway terminated with strong momentum to the upside: Momentum is strong and zone got violated. I plan to long for the pullback.
Sideways structure are easy to trade. In one word, buy low & sell high. It works until it doesn't. That's fine.
Give me a like if you're with me.
노트
Looks like a false breakout. Waiting for more confirmation info! 노트
Sideways formation. Keep on watching. 노트
price is still within the range. Direction is not clear. 노트
Alright. The range got violated, I got a nice pullback short opportunity.노트
On the Daily chart, trend continues to go down. 
plan your trade and trade your plan
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plan your trade and trade your plan
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.