Is it ok to go over the basics once more? Sell at resistance, buy at support.
The low is in 3-Feb with a long lower wick candle and high buy volume. Today, we are seeing the establishment of a higher low close to support. This close to support dynamic gives us a great entry zone.
A great entry zone doesn't mean that a trade will necessarily work out, but it means that it has low risk and a high probability to succeed. Think about it, most of the time we tend to rush to buy when the action is already happening. Here, we can clearly see bearish action and a red day, but, we have a higher low and we know that reversals tend to happen at support.
The higher low is the signal. We have good entry timing. We leave the rest to the market.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.