Hello TradingView Family / Fellow Traders,
This is Richard, also known as theSignalyst.
🗒 As per my last analysis, attached to the chart, EA rejected our purple circle zone and traded higher.
Now, what's next?
📈 For the bulls to remain in control and potentially lead to new all-time highs from a macro perspective, a weekly candle close above $150 is needed.
📉 Meanwhile, the bears can still kick in, potentially retesting the lower bound of the orange channel. Here, we will be looking for short-term trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
~Rich
This is Richard, also known as theSignalyst.
🗒 As per my last analysis, attached to the chart, EA rejected our purple circle zone and traded higher.
Now, what's next?
📈 For the bulls to remain in control and potentially lead to new all-time highs from a macro perspective, a weekly candle close above $150 is needed.
📉 Meanwhile, the bears can still kick in, potentially retesting the lower bound of the orange channel. Here, we will be looking for short-term trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
~Rich