Hopefully most of you took advantage of the bear run yesterday and this morning. Or at the very least managed to close your longs at on Monday when the bulls ran out of steam (see related idea linked below)
This is a simple set up. We wait for the price to break out of the short term (green) structure, then we buy. This break should match up with the structure in our momentum indicator, which is showing divergence.
And of course, if price breaks below the channel (red), this trade is invalidated. Looking at a sell set up would then be a good idea.
This is a simple set up. We wait for the price to break out of the short term (green) structure, then we buy. This break should match up with the structure in our momentum indicator, which is showing divergence.
And of course, if price breaks below the channel (red), this trade is invalidated. Looking at a sell set up would then be a good idea.
