Hello Fellow Traders. This is Richard, also known as theSignalyst.
After an over-extended bearish movement, IDEA has been trading inside a range after rejecting the round number 0.01
We have been stuck inside the accumulation between 0.01 and 0.02
🏹 For the bulls to take over, we need a Daily Candle Close above 0.02
Meanwhile, since IDEA is inside a range and around the lower bound, we will be looking for short-term buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
