This is a new thing I'll be trying out as far as posting on tradingview goes so that I can stay a bit more active. Now, I mainly trade the 1m and 5m timeframes so it's not possible to make a post with those timeframes. Therefore what I will be doing is post a raw 15M chart, analyzing the indicators, price etc and in the updates section below I will be posting screenshots as to when there will be a valid setup to trade. So stay tuned for the updates if you are looking to enter at the same time as I am since markets move rapidly especially on the lower tfs.
1) Price failed to break through the TSE range. However we did get a strong push and it seems as though the price is now just consolidating along the EMAs. Therefore my main bias is long for today and will be looking for buy setups unless a counter opportunity appears.
2) The impulse occurred at the which can suggest there is still heavy buying
3) Price is above all 3 Moving Averages suggesting momentum.
4) Major resistance at 1.1837
Like I said stay tuned for the updates as I will post when I will be actually entering the market.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
a break of the highs will be my entry to the upside as long as it doesn't break through the emas to the downside