i make two black trend line ...that are strong resistance and support...so watch the breakout
i make two red support line watch the area to go long and wait for bullish price action before going long....may be it complete ab=cd ...YOU DO THIS TRADE IN LOWER TIME FRAME BUT WATCH THE PRICE ACTION BEFORE DOING ANYTHING...
market is near strong resistance level wait for some price action ...if market open a gap up then this trade is invalid ...then we make another strategy ...in my opinion to go long let the market retrace then we enter in long position...and for short position as i said market is near strong resistance and i also show the RSI level if we get here some bearish...
channel trading strategy ...you no what is the trend ...
channel already breakout market still in bullish zone wait for the blue triangle breakout to confirm sure short trade...to for sell
may be like that...wait to go long near strong support and short near retest area....
WAIT FOR SOME BULLISH PRICE ACTION...TO GO LONG...
short after the breakout channel and over profit target may be 10000
i am still wait for the bearish signal market is near strong resistance waiting for some bearish price action ..
may be market make double top...but wait for the confirmation...on daily chat ...may be tomorrow market make small bearish candle on daily chart ...and then we go for short looking in the smaller time frame in 1 hr chart for the sooner get signal... market not close above previous high ...that is a confirmation that bears enter in the market...