Too many information on charts.
What's a trader to do?
Put context around it to filter and see the important stuff.
Price got rejected at the upper U-MLH (!)
Here we are again. Another rejection will shoot price down to the centerline again (...maybe).
If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to short it. But I'm never in a hurry and I also don't cry if I miss a trade...there are millions to come...
Happy new week out there!
What's a trader to do?
Put context around it to filter and see the important stuff.
Price got rejected at the upper U-MLH (!)
Here we are again. Another rejection will shoot price down to the centerline again (...maybe).
If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to short it. But I'm never in a hurry and I also don't cry if I miss a trade...there are millions to come...
Happy new week out there!
Note
Decision time again?hmm...
Note
So we waited...and now it could pay out.Let it settle on the U-MLH and then I probably take it long...watching PriceAction too.
Note
What a drag...but nice how price is respecting the U-MLH....someones filling his pocket with GBP? Really looking for a momentum to the upside.
Note
Finally - Looks like GU has made the decision to go North...Note
On Track
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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.