I like this setup using bollinger bands.
The main D1 trend is bearish, here we have a bullish correction in the form of double bollinger bands.
I had a long position opened, im closing it with profits.
We must be flexible and follow the market, not forcing any trade. Thats why i prefer to manage the trades dynamically, the targets shown here are for information purposes only.
We have also the 0.8860 fib retracement, although this is not a bat i see this is a powerfull level to consider.
When entering a trade i prefer to open three positions:
- short term - main pivot point
- medium term - last lows
- long term - 1.400 level
best regards
The main D1 trend is bearish, here we have a bullish correction in the form of double bollinger bands.
I had a long position opened, im closing it with profits.
We must be flexible and follow the market, not forcing any trade. Thats why i prefer to manage the trades dynamically, the targets shown here are for information purposes only.
We have also the 0.8860 fib retracement, although this is not a bat i see this is a powerfull level to consider.
When entering a trade i prefer to open three positions:
- short term - main pivot point
- medium term - last lows
- long term - 1.400 level
best regards