Bitcoin due for correction? Above bars are bull run and below bars are bearish market. Just my opinion.
We are going long again soon if it hits the price around 47k, 46, 44k fib retracement levels or Double Bottom at 42900 or undershoot at 41k support area. If the price breaks this support, we might go deeper.
Bitcoin forming Bearish Pennant. Let's see if this will materialize.
My gold idea. Let us see how this goes. Trade at your own risk.
Trading Plan : If GOLD/XAUUSD breaks the resistance area around 1878 and 1887 price levels then we will look for buys. We will observe how the price reacts as retest traders are expected to play at this level. 2 Scenarios : 1. It can be either a false breakout and price continuation downward 2. Breakout then pullback and price continuation upward
Manually backtesting a strategy. Strategy : 1. Price Action 2. Trend Following Strategy 3. Support and Resistance What I learned : 1. Be honest with your trades. 2. Treat it like it is real money you are trading. 3. If you lose, you lose. Move on. 4. Learn from your mistakes. Comment below for the missing important piece.
3 Possible scenarios for FX:EURUSD Currently doing a retest of new high and still in a bullish bias. If it goes below the yellow box we sell. If it goes above the yellow box we buy. This is not a trading advice. Trade at your own risk and practice risk management.