Upward Movement Expected
Updated
A strong move may cause an up break for the range box and TL1. I will enter if that happened with a good candle. I also could wait for a pullback to the range box to enter. My stop loss or second buy could be around $0.9 according to the candle's status. and I'll take $1.28 as my first target and $1.5 as the second target.
TL2 has been broken by a range which reduces the importance of the breaking. Also, there are two abnormal pin bars in the range that prevent me from believing the price will keep falling. Even so, it’s possible to have a down break for the range. In this scenario, $0.87 to $0.9 could be a strong buy zone if it fit one of my strategies.
I'll update the idea according to the situation. : )
Indicators used:
- Trend Key Points
- Abnormal Pin Bar
- Common Candlestick Patterns
- Volume
TL2 has been broken by a range which reduces the importance of the breaking. Also, there are two abnormal pin bars in the range that prevent me from believing the price will keep falling. Even so, it’s possible to have a down break for the range. In this scenario, $0.87 to $0.9 could be a strong buy zone if it fit one of my strategies.
I'll update the idea according to the situation. : )
Indicators used:
- Trend Key Points
- Abnormal Pin Bar
- Common Candlestick Patterns
- Volume
Comment
After the range box break, I waited for the pullback but the pullback candle entered the box. That's reason enough to wait for the next candles. range box and TL1 still are important.
Looks like we have another departure from the range box's floor.
I will wait for a new break up fr the range and an acceptable pullback to it
Comment
I'll wait for the level $0.87 to $0.9.Order cancelled
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.