this is a very short trade, more of a scalp. yes, price could still be bullish and this previous bear move was a correction and price could be ready to push higher as we can see, last week price broke out and pushed lower for a retest which it has rejected to go lower for now. looking at the smaller timeframes we can say price was ranging and the previous h4 candle gave us a breakout. if price can push a bit higher from here we should see our scalp complete.
this view should not cloud us from the bearish view also.
this view should not cloud us from the bearish view also.
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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.