Hello fellow traders
Greetings from team Trading The Tides
lets talk about Woo which we been trading for the last 3 days and made around 30% in profits .
today as the FOMC is really close and there many crucial Data down the line .
First of all specifically today I don't see much buying in WOO , secondly Woo is creating more and more resistance to the upside , which make me think not to trade woo until it goes back to support and on atleast 15 min time frame creates a wick which in other sense gives idea about institution getting in to take the prices higher , so I will wait till then .
My second opinion about woo is to break the lows of the symmetrical triangle on 4h , 1h
and then we can plan a short trade again on the basis of breakdown structure with proper risk n reward .
I don't take more than 2% SL so if the trade goes opposite , I will accept the SL and look out for other opportunities .
Note :
I am just a technical , fundamental analyst and day trader .
Any info given is not a financial advice , i am only posting what i think is right , feel free to guide if u think i am wrong plz .
Thanks .
Greetings from team Trading The Tides
lets talk about Woo which we been trading for the last 3 days and made around 30% in profits .
today as the FOMC is really close and there many crucial Data down the line .
First of all specifically today I don't see much buying in WOO , secondly Woo is creating more and more resistance to the upside , which make me think not to trade woo until it goes back to support and on atleast 15 min time frame creates a wick which in other sense gives idea about institution getting in to take the prices higher , so I will wait till then .
My second opinion about woo is to break the lows of the symmetrical triangle on 4h , 1h
and then we can plan a short trade again on the basis of breakdown structure with proper risk n reward .
I don't take more than 2% SL so if the trade goes opposite , I will accept the SL and look out for other opportunities .
Note :
I am just a technical , fundamental analyst and day trader .
Any info given is not a financial advice , i am only posting what i think is right , feel free to guide if u think i am wrong plz .
Thanks .
Anmerkung
forgot to mention , for a good long setup 0.243-0.241 is a better price to go long for nowAnmerkung
on 5 min head n shoulder is forming up , which means not a good idea to go long at this support nowAnmerkung
as mentioned , price is falling quickly , lets wait for the fomc , price action is pretty clear , no longs until a powerful wick , no shorts until fomc . simple plan
Anmerkung
ok guyz the market is at strong support , lets see how it plays outTrade ist aktiv
initiating my short trade at 0.27 - 0.275 3x lev
Anmerkung
Short Trade is in small loss I will DCA at the peak level 0.3Trade geschlossen: Ziel wurde erreicht
took the profits at 0.27670
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.