As it can be noticed from the illustration, the price is stuck between the walls of a sideways moving range. If the price manages to break and re-test the upper boundary of the range, we are gonna look for BUY positions and aim for the area identified on the chart. On the other hand, if the price breaks out of the lower boundary of the range and re-tests it, we are gonna look for SELL positions.
Trade wisely and have a nice day, family!
Trade wisely and have a nice day, family!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.