Trade pending on interaction with Real-Time support and resistance.
Price is about to interact with 8H cloud, which has shown positive correlation with price until being violated recently.
Stops 7850
TakeProfit 6500
Open hedge until next interactions
Price is about to interact with 8H cloud, which has shown positive correlation with price until being violated recently.
Stops 7850
TakeProfit 6500
Open hedge until next interactions
Note
Support Zones on 4H:Note
Trade active
Note
One takeprofit signal, hit bottom of 8h cloud path. Also hitting support on this pattern. Personally, I think it will go deeper. Closing takeprofit amountTrade closed: target reached
Short target reached on 4Hr cloud resistance. 8Hr shows possible green candle incoming for a dead-cat bounce.
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Indicator access information
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Indicator access information
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SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.