Many traders know about the Monday range play:
- wait for Monday high and low to establish
- wait for a sweep of either side, play towards the other side
What many don't know, is that a sweep can fail, which implies there is another play:
- if Monday range breaks to either side
- then if price pulls back into the range, we play towards the side that just broke, not the other side of the range
As with all setups, this is just probabilities. There is no guarantee of trend continuation, but it is more likely to play out vs the other side of the range, after a clean break.
- wait for Monday high and low to establish
- wait for a sweep of either side, play towards the other side
What many don't know, is that a sweep can fail, which implies there is another play:
- if Monday range breaks to either side
- then if price pulls back into the range, we play towards the side that just broke, not the other side of the range
As with all setups, this is just probabilities. There is no guarantee of trend continuation, but it is more likely to play out vs the other side of the range, after a clean break.
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Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.