MBA TRADING ACCADEMY TA FRIDAYS- MATICUSDT- 27/03/2020
After a strong sell off looking at this set up as a retracement-flag
Trade set up
Waiting for trade, looking for market structure too change, indicators break of trend break below support
looking for the retest of resistance as an entry.
Candlestick analysis wicks
RSI looking for peaks or divergence
Trade time would expect this trade from break retest too target looking to execute with in 10 candles
Price may break well below target, however considering how far market has fallen recently setting close targets seems more probable.
Cheers grizz
Trade set up
Waiting for trade, looking for market structure too change, indicators break of trend break below support
looking for the retest of resistance as an entry.
Candlestick analysis wicks
RSI looking for peaks or divergence
Trade time would expect this trade from break retest too target looking to execute with in 10 candles
Price may break well below target, however considering how far market has fallen recently setting close targets seems more probable.
Cheers grizz