NWC - Wait For It!
Hello 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
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
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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.