Hello TradingView Family / Fellow Traders,
As per my last analysis, we know that the correction phase started on TRB as the red channel has broken downward.
π According to my trading plan, as TRB approaches the 100.0 support zone and the round number, I will be looking for buy setups.
πΉ For the bulls to take over and start the next impulse movement, we need a break above the last major high in blue.
π― In this case, a movement to the 140.0 supply zone 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!
~Richard Nasr
As per my last analysis, we know that the correction phase started on TRB as the red channel has broken downward.
π According to my trading plan, as TRB approaches the 100.0 support zone and the round number, I will be looking for buy setups.
πΉ For the bulls to take over and start the next impulse movement, we need a break above the last major high in blue.
π― In this case, a movement to the 140.0 supply zone 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!
~Richard Nasr
Trade closed: target reached:
Target has been reached
For the bulls to maintain control, we need a daily candle close above 140.0.
Meanwhile, the bears can still reject the zone if a bearish reversal setup is activated on lower timeframes.
I will be posting a new idea then.
For the bulls to maintain control, we need a daily candle close above 140.0.
Meanwhile, the bears can still reject the zone if a bearish reversal setup is activated on lower timeframes.
I will be posting a new idea then.
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