Two type of pattern, two type of entries. 1. The price follow structure 2. The price take liquidity above 0.69000 level
I'm looking for buy setup in the blue box. Invalidation level - 1.04400 Target 1 - 1.06700 Target 2 - 1.07360
I'm waiting for price action signal before take buy position on Gold. In absence of price action signal in that box I would consider a short below the 1766.00 level
Two type of scenario. - Scenario1 The price breaks and retest the last low - Scenario2 The price take liquidity (make a new HL) before breaks and retest the last low
If the worst on Equity Market is yet to come let alone on Bitcoin. If the long-term correlation between Bitcoin and the Equity Market breaks down this view may no longer be valid. Trust the Price, Trust the Flow.
Two type of pattern, two type of entries. 1. The price follow structure 2. The price take liquidity above 0.69000 level
Possible entry. Look breakeven after filling order.
Pending orders filled. Manage your position: look the breakeven level
Possible short (look for price action signal before entry)
This isn't a financial advice, this is only one of many accumulation strategy (for stocks, crypto, ecc..).
If price (1D candle) closes below 120.800 level the view is invalidated