Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising
Aa
Share
facebook
twitter
linkedin

IDEA is stuck inside a range between our two red trendlines , and it is currently approaching the lower bound / red trendline acting as a non-horizontal support
Moreover, 0.1 is a strong support and round number.

The highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support (0.1) and red trendline. (acting as non-horizontal support)

idea potential bullish reversal grafika numer 1idea potential bullish reversal grafika numer 1

As per my trading style:
As IDEA approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

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

Good luck!

Advertising

All Strategies Are Good; If Managed Properly!

~Rich


Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal


Advertising
Advertising