With a "quick" analysis, we now have a very good idea of where price needs to go in order for a sustained breakout to happen.
This is the analysis I do on every chart and though this is my first time looking at this chart, we have enough information to set our target entries and to know that if price reaches it, our chances are very high that we have a nice position and entry on our hands (or at the very least, we didn't chase a position - the market does not move based on the amount of FOMO!)
Shoutout again to my long time follower and supporter chr_wied for the request and as always all my followers should feel free to reach out with any analysis requests and I will do my best to get back to you with a video!
Happy Trading :)
This is the analysis I do on every chart and though this is my first time looking at this chart, we have enough information to set our target entries and to know that if price reaches it, our chances are very high that we have a nice position and entry on our hands (or at the very least, we didn't chase a position - the market does not move based on the amount of FOMO!)
Shoutout again to my long time follower and supporter chr_wied for the request and as always all my followers should feel free to reach out with any analysis requests and I will do my best to get back to you with a video!
Happy Trading :)
Trade active
This played out beautifully - I'd like to make another video on this as we are making our way through the market's process and heading toward HTF demand in the .95 to $1 range. With confluences, will look for a trade entry there.
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Related publications
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.