Trade the Range until it breaks and here we have a classic example .
TTD has been inside this range since Nov 2020 and has respected
the Top , Bottom and mid range of this descending channel .
We are currently approaching a key resistance at the top of the
Descending channel .
Hitting the very top Fib level that I have marked and rejecting there would add to the
pattern thus far of another lower high.
This of course can claim that resistance and hold but keeping things
simple and trading the range until it breaks is the best play.
SL placement is straight forward here and depending on your appetite for
risk the widest option is above the ATH or the alternative lower highs depending on your entry and risk management .
Know your invalidation and Like and Follow for regular analysis .
TTD has been inside this range since Nov 2020 and has respected
the Top , Bottom and mid range of this descending channel .
We are currently approaching a key resistance at the top of the
Descending channel .
Hitting the very top Fib level that I have marked and rejecting there would add to the
pattern thus far of another lower high.
This of course can claim that resistance and hold but keeping things
simple and trading the range until it breaks is the best play.
SL placement is straight forward here and depending on your appetite for
risk the widest option is above the ATH or the alternative lower highs depending on your entry and risk management .
Know your invalidation and Like and Follow for regular analysis .
Trade chiuso: obiettivo raggiunto
