Hi Fellow Traders, i see the Weekly Chart as a Trading Range.
There's two ideas i have in mind:
1) That price will continue down to the bottom of the range.
OR
2) Our B wave will end here and we'll have a surging C wave up to the top of the Trading Range, in which we have 2050 pips to gain.
I want to follow what the market does and manage my trade to negate negative moves against me that invalidate the trade setup. The further up we go, the higher the probability of the trade setup occuring.
I will try to ride this baby up and scale up while reducing my existing exposure to risk.
All the best friends! :)
There's two ideas i have in mind:
1) That price will continue down to the bottom of the range.
OR
2) Our B wave will end here and we'll have a surging C wave up to the top of the Trading Range, in which we have 2050 pips to gain.
I want to follow what the market does and manage my trade to negate negative moves against me that invalidate the trade setup. The further up we go, the higher the probability of the trade setup occuring.
I will try to ride this baby up and scale up while reducing my existing exposure to risk.
All the best friends! :)
הערה:
Should be going up again
Channeling pattern on the smaller time frame