NWC - Wait For It!

1 באוק׳ 2022Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

NWC has been overall bearish trading inside the falling brown channel.

We recently rejected the upper brown trendline and 0.16 - 0.20 resistance.

For the bulls to take full control, and expect a long-term bullish movement, we need a daily candle close above 0.2

Meanwhile, we are bearish inside the third impulse movement and if we approach the lower green support 0.02 - 0.05, we will be looking for buy setups.

Which scenario do you think is more probable and why?

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich