Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
π MPC has been overall bearish trading within the falling channel in red.
π¦ Currently, MPC is hovering within an Accumulation Phase between $0.3 round number and $0.36 major high.
π For the MarkUp phase to start, shifting the momentum from bearish to bullish, a break above the last major high in red at $0.36 is needed.
π― In such a scenario, a movement towards the $0.525 resistance would be expected.
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
π MPC has been overall bearish trading within the falling channel in red.
π¦ Currently, MPC is hovering within an Accumulation Phase between $0.3 round number and $0.36 major high.
π For the MarkUp phase to start, shifting the momentum from bearish to bullish, a break above the last major high in red at $0.36 is needed.
π― In such a scenario, a movement towards the $0.525 resistance would be expected.
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal