Hi all !
Quick update on NLG since: https://steemit.com/cryptocurrency/@tatchcapital/tatch-trading-journal-nlg-strong-reversal-on-gulden-huge-trading-opportunity-incoming
[NLG/EUR]
Since reversal, price is in TTR aka killing zone. In this is case it's mostly partial profit taking and re-entry from traders who don't want to miss the trend.
While this is a clear re-accumulation phase, the small rejection of the top of the TTR should call for a retest of it's bottom as well as the local lower low.
This is a situation in which market makers need to squeeze long while preventing short to exit.
Except for some buy limit orders it's now to time to sit on your hands and wait for the price action/whipsaw at the exit of TTR.
This will give us many clues and insight to take nice high probability trades with large R:R (3:1 is a minimum).
So stay in ambush like snipers ready to pull trigger want you'll have a trade presenting itself.
Don't hesitate to join us on Telegram, upvote, share and ask questions in comment section.
Much love
Cédric
Tatch Capital Limited
[TCN]: Tatch Convertible Note (aka TatchCoin)
https://tatchcapital.com/token.html
[EUR/TCN]
https://wallet.tatchcapital.com/market/TATCHCOIN_EUR
GuldenTrader
GuldenBites
All disclaimers and common sense apply.
No advise, just personal commentary.
"Never go full retard".