This chart illustrates the decisions I will make on upcoming price developments.
It is absolutely not a financial advice.
These possible entries, SL and TP
they are related to my money management as well as to medium / long term income which allows me to find short term income without exposing myself too much.
Revenue to be managed based on the operations I want to adopt,
operations that will take into account some technical indicators but primarily the volume.
One management that I will keep in mind is a possible trend follower strategy to be applied if the volumes are positive for short or buy open trade.
A descent on the lower trendline accompanied by rising bearish volumes would compromise the entry
to the rebound giving clear signs of a possible short entry with the formation of
a rather recursive model in these market phases a "head and shoulders" on the price closings of the periods previous.
As for the second or first (in case the rebound does not occur) buy entry,
here I would like to be sure of a break in the upper trandline accompanied by volumes similar to or greater than the previous rebound.
This would give me some security for an entry or an increase in a buy position.
Thanks for reading soon.
It is absolutely not a financial advice.
These possible entries, SL and TP
they are related to my money management as well as to medium / long term income which allows me to find short term income without exposing myself too much.
Revenue to be managed based on the operations I want to adopt,
operations that will take into account some technical indicators but primarily the volume.
One management that I will keep in mind is a possible trend follower strategy to be applied if the volumes are positive for short or buy open trade.
A descent on the lower trendline accompanied by rising bearish volumes would compromise the entry
to the rebound giving clear signs of a possible short entry with the formation of
a rather recursive model in these market phases a "head and shoulders" on the price closings of the periods previous.
As for the second or first (in case the rebound does not occur) buy entry,
here I would like to be sure of a break in the upper trandline accompanied by volumes similar to or greater than the previous rebound.
This would give me some security for an entry or an increase in a buy position.
Thanks for reading soon.