The first thing I do is check the weekly chart. Here I see excellent price divergence relative to the MACD indicator
Then I switched to the daily chart and saw the same excellent divergence as on the weekly chart.
The hourly chart also showed excellent divergence. placed a pending buy order above the candle marked with an arrow.
Then I switched to the daily chart and saw the same excellent divergence as on the weekly chart.
The hourly chart also showed excellent divergence. placed a pending buy order above the candle marked with an arrow.
Trade active
the price has activated a buy orderNote
The trade was closed by stop loss, but the analysis is still relevant, I’m waiting for the signal candle and will re-enter the long positionNote
I will enter a trade at the top of the candle marked with an arrow, or at the next one if the buy order is not activated on the current candle.Note
Placed a pending buy order above the signal candle
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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.
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.