Analysis:
I've seen XPTUSD show a Impulsive move, and then correctively retrace towards the origin of the impulse.
it has a little further to go hit the reversal zone indicated at the dashed orange lines.
Hypothesis:
I am looking for latent buy orders to kick in at the levels identified.
Price should trade up to resistance where I have indicated by the blue arrow
Risk Management:
Trade potential 4:1 +
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
If you are concerned going long against short term bearish momentum.. you can wait for a 1D bullish candle before entry.
PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
I've seen XPTUSD show a Impulsive move, and then correctively retrace towards the origin of the impulse.
it has a little further to go hit the reversal zone indicated at the dashed orange lines.
Hypothesis:
I am looking for latent buy orders to kick in at the levels identified.
Price should trade up to resistance where I have indicated by the blue arrow
Risk Management:
Trade potential 4:1 +
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
If you are concerned going long against short term bearish momentum.. you can wait for a 1D bullish candle before entry.
PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
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.