PEPE where are we going now???
We have deviated the mid range and I used it as an opportunity to long the void (blue box). YES, EVEN IN A BEARISH MARKET YOU CAN TAKE LONGS.
Nevertheless, the overall bearish sentiment and plans remain (even though the US has decided to raise its Debt Ceiling --> higher debt ceiling = lower DXY = more bullish moment and enthusiastic traders)
For day trades I will look to see how we react around the mid range.
Reclaim and we will look for longs
Break down and we will look for shorts
Entry around the mid range 0.0014665$ (long scenario)
TP 0.0014953$
TP 0.0015115$
TP 0.0015500$
SL lows of the day
Entry after deviation of mid range at 0.0014665$ (short scenario)
TP 0.0014200$
TP 0.0014000$
TP 0.0013700$
SL above highs of the day
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price based analysis and does not constitute financial advice in any form.
We have deviated the mid range and I used it as an opportunity to long the void (blue box). YES, EVEN IN A BEARISH MARKET YOU CAN TAKE LONGS.
Nevertheless, the overall bearish sentiment and plans remain (even though the US has decided to raise its Debt Ceiling --> higher debt ceiling = lower DXY = more bullish moment and enthusiastic traders)
For day trades I will look to see how we react around the mid range.
Reclaim and we will look for longs
Break down and we will look for shorts
Entry around the mid range 0.0014665$ (long scenario)
TP 0.0014953$
TP 0.0015115$
TP 0.0015500$
SL lows of the day
Entry after deviation of mid range at 0.0014665$ (short scenario)
TP 0.0014200$
TP 0.0014000$
TP 0.0013700$
SL above highs of the day
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price based analysis and does not constitute financial advice in any form.
