I've noticed what looks like a range developing in the context of an overall uptrend. Seeing price has dropped towards the bottom of this range and is now starting to retrace really deep,I'm beginning to sense a turn in the market. I see the strength of the buyers,I want to now see weak sellers before I can enter this trade. You can see what I mean on the chart.
Trade ist aktiv:
I like the way this looks. Keeping an eye on the problematic areas such as the dotted line above. I think I might set my stop loss to zero around that area but my target is still at the top of the range
Trade wurde manuell geschlossen:
I see the market is having problems near that dotted line I was talking about. I've decided to close this trade after seeing so many attempts fail to breach that resistance level.