This line bias is long, so I'm only looking for long positions despite the price appearing bearish. The bearish channel has broken out, and a new range is forming. Just follow the bias of the line and wait for better entries. The Chartist.
Price broke out of the Wyckoff range and changed the bias of the lines. I took a short position before, and now I’ll do the same. The Chartist.
Candle confirmed at the reaction zone. TP at otherline. The Chartist
Lidquid swept. Wait for better Long entry. The Chartist
2nd line formed. Wait for better entry. The Chartist
The first line of the range has formed. I have no idea where to take profit, Set the SL at the nearest high when the price closes above it. Enjoy your weekend! The Chartist
Wait for a clear range to form, don’t predict. Trade what you see, not what you think. By the way, here’s my drawing of a cat—a “doing nothing” cat.
XAUUSD Reaction zones 12/09/2024 Reversal zones for XAUUSD are identified based on line bias evaluation and criteria from the table for entering and exiting trades. The ZigZag indicator marks highs and lows, while the naked chart indicator is used to draw cleaner lines and reduce clutter. The Chartist
This is how I determine the trend when the price reacts at a reaction zone or line. I look at the nearest adjacent waves to see how the price behaves when it touches that zone. Sometimes, a line or zone may have both biases, but there are also zones with only one clear bias. The plan was to take profit and then sell, but it seems the reaction in this zone was...