In our weekly watchlist, the plan was to trade within the range — taking positions from the top of the channel down to the bottom.
If you’re already in a position, you should hold it toward the channel’s lower boundary.
If you’re still waiting for a trigger, a trendline break can provide a solid entry signal.
For now, the price is heavily interacting with the channel’s upper boundary, and as long as this level hasn’t been broken and confirmed above, we remain sellers.
If you’re already in a position, you should hold it toward the channel’s lower boundary.
If you’re still waiting for a trigger, a trendline break can provide a solid entry signal.
For now, the price is heavily interacting with the channel’s upper boundary, and as long as this level hasn’t been broken and confirmed above, we remain sellers.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
