Putting it All Together
Short Rationale:
Price reached a strong resistance zone (red horizontal line and/or upper yellow channel boundary).
The momentum likely shifted bearish on shorter timeframes, prompting a short entry.
Targets: mid-channel or a clearly defined horizontal support area (white lines).
Long Rationale:
After the short trade closes (somewhere near the middle or lower portion of the channel), the market hits a significant support (horizontal line, diagonal support, or both).
A bullish setup emerges, indicating a potential bounce.
Targets: retest of prior resistance, or a larger move toward the next higher-timeframe ceiling (often the same red line, or near round-number levels).
In summary, the chart shows a “range” or “channel” scenario where I am playing the boundaries:
Short near the top of the range (anticipating a pullback).
Long near the bottom (expecting a bounce).
Short Rationale:
Price reached a strong resistance zone (red horizontal line and/or upper yellow channel boundary).
The momentum likely shifted bearish on shorter timeframes, prompting a short entry.
Targets: mid-channel or a clearly defined horizontal support area (white lines).
Long Rationale:
After the short trade closes (somewhere near the middle or lower portion of the channel), the market hits a significant support (horizontal line, diagonal support, or both).
A bullish setup emerges, indicating a potential bounce.
Targets: retest of prior resistance, or a larger move toward the next higher-timeframe ceiling (often the same red line, or near round-number levels).
In summary, the chart shows a “range” or “channel” scenario where I am playing the boundaries:
Short near the top of the range (anticipating a pullback).
Long near the bottom (expecting a bounce).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.