When in doubt, zoom out.
Hello,
I had to rework my trading system since most of my recent trades turned out to be disasters.
It is hard to trade this market on ltf, so I decided to switch onto weekly chart.
1W efferium chart, price is in the middle of channel but it seems to me that some kind of horizontal support is broken here.
At this moment I'm shorting, aiming lower channel band as target.
It might takes weeks to hit the target but it also might be one bad news.
Personally I believe that real fun will start once we leave this channel, one way or another.
I had to rework my trading system since most of my recent trades turned out to be disasters.
It is hard to trade this market on ltf, so I decided to switch onto weekly chart.
1W efferium chart, price is in the middle of channel but it seems to me that some kind of horizontal support is broken here.
At this moment I'm shorting, aiming lower channel band as target.
It might takes weeks to hit the target but it also might be one bad news.
Personally I believe that real fun will start once we leave this channel, one way or another.
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