Hi guys,
after the Trump's election we've had big uncertain moves. Of course in that situation you, as a structure trader, don't want to be involved. Now price is slowly calming down and so we can redo our analysis and we can end this week of trading, hopefully with some pips.
This setup is on the daily chart and it is a trend continuation setup: this means that we are recently broke the resistance to the high, giving us reasons to believe the trend is upward.
The first zone we have to keep an eye on is the previous resistance that could act a support, then we're waiting into the bottom of the last impulsive move.
In this two zones we're going to search for some lower timeframes opportunities in order to get long.
Hope this helps.
Don't hesitate to ask if you need to.
Good luck!
after the Trump's election we've had big uncertain moves. Of course in that situation you, as a structure trader, don't want to be involved. Now price is slowly calming down and so we can redo our analysis and we can end this week of trading, hopefully with some pips.
This setup is on the daily chart and it is a trend continuation setup: this means that we are recently broke the resistance to the high, giving us reasons to believe the trend is upward.
The first zone we have to keep an eye on is the previous resistance that could act a support, then we're waiting into the bottom of the last impulsive move.
In this two zones we're going to search for some lower timeframes opportunities in order to get long.
Hope this helps.
Don't hesitate to ask if you need to.
Good luck!