Hello everyone. This is a pretty simple sideway trading strategy.
The range is 1.6580-1.7128 which has been respected 61 days. I already set the alerts around the bottom and the top. The scenario might be as below:
1. Sideway continuation: Price could go through the upper zone. Looking for bearish formation on 1H or 4H chart. Target is the opposing zone.
2. Sideway terminated with strong momentum to the upside: Momentum is strong and zone got violated. I plan to long for the pullback.
Sideways structure are easy to trade. In one word, buy low & sell high. It works until it doesn't. That's fine.
Give me a like if you're with me.
The range is 1.6580-1.7128 which has been respected 61 days. I already set the alerts around the bottom and the top. The scenario might be as below:
1. Sideway continuation: Price could go through the upper zone. Looking for bearish formation on 1H or 4H chart. Target is the opposing zone.
2. Sideway terminated with strong momentum to the upside: Momentum is strong and zone got violated. I plan to long for the pullback.
Sideways structure are easy to trade. In one word, buy low & sell high. It works until it doesn't. That's fine.
Give me a like if you're with me.
Note
Looks like a false breakout. Waiting for more confirmation info! Note
Sideways formation. Keep on watching. Note
price is still within the range. Direction is not clear. Note
Alright. The range got violated, I got a nice pullback short opportunity.Note
On the Daily chart, trend continues to go down. 
plan your trade and trade your plan
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.