My Textbook price action analysis on MATICUSDT
Dear Investors
From my previous analysis on this pair, we can see that Price reacted to the active demand I identified, before creating a bullish reaction and an entry confirmation according to my edge. ( link to previous analysis attached below )
However, my first execution was stopped out at -1R before rallying towards my anticipated direction. I knew more opportunities will come so I stayed patient for a breakout of the Accumulation box.
After the breakout and retest, I executed with my confirmation again and price just hit +6R.
In my next Post, I will analyse the active bullish impulse for a potential retracement and entry opportunities for a potential bullish continuation.
Patience, Awareness and Consistency is key to staying Profitable.
From my previous analysis on this pair, we can see that Price reacted to the active demand I identified, before creating a bullish reaction and an entry confirmation according to my edge. ( link to previous analysis attached below )
However, my first execution was stopped out at -1R before rallying towards my anticipated direction. I knew more opportunities will come so I stayed patient for a breakout of the Accumulation box.
After the breakout and retest, I executed with my confirmation again and price just hit +6R.
In my next Post, I will analyse the active bullish impulse for a potential retracement and entry opportunities for a potential bullish continuation.
Patience, Awareness and Consistency is key to staying Profitable.
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