We considered two scenarios
1. For LONG, we wait for the blue range to be broken, then enter the position after the pullback
2. For SHORT, after a reaction or a bearish signal, we enter the blue range
I think the first scenario is more likely, because in this Trend I see that a lower LOW is not made
1. For LONG, we wait for the blue range to be broken, then enter the position after the pullback
2. For SHORT, after a reaction or a bearish signal, we enter the blue range
I think the first scenario is more likely, because in this Trend I see that a lower LOW is not made
Trade active
Apparently it is breaking the blue rangeWe have to wait for it to pullback and then enter
Note
Traders who rushed and SHORT, in the hope of a double top are now losing moneyTrade active
In my opinion, it is now ready for a good upward movementNote
The fact that it could not make a new HIGH in 1H scares meThat's why I haven't entered yet
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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.