WOO has been pretty interesting and nice to trade despite our previous swing trade which did not go according to plan. Nevertheless, we are back and I have scalped it pretty decently.
But what is next.....
IF we get back into the range I will be looking to target 0.15$. Getting back into the range (red line) would confirm a deviation.
Trade would be the exact same as the one annotated to the left side of the chart. Bear in mind your RISK MANAGEMENT and do not be too overzealous. Overall pa looks bearish for now so let's see how it plays out once the market opens (NY time).
Entry after clean break below 0.1625$
TP 0.15$
SL above highs of day
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
But what is next.....
IF we get back into the range I will be looking to target 0.15$. Getting back into the range (red line) would confirm a deviation.
Trade would be the exact same as the one annotated to the left side of the chart. Bear in mind your RISK MANAGEMENT and do not be too overzealous. Overall pa looks bearish for now so let's see how it plays out once the market opens (NY time).
Entry after clean break below 0.1625$
TP 0.15$
SL above highs of day
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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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.
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.