I took this OMusdt pairt long just a while ago. Confirmation was good and everything but the last 10 seconds price started to push fast and seems all was going well then in about last 5 seconds it got big top wick rejection which isn't good, It almost seemed as if it ran into a big sell limit order..
So now, its a bit doubtful as to whether it will work out but I decided to keep it still in hopes that my edge still play out but that top wick rejection definitely reduced the odds I would think.
Am sharing just same if anyone wants to check it out and follow along. I think it will pump soon to target just a matter of timing entry and using wide enough stop for good RR to reduce chance of getting stopped.
So now, its a bit doubtful as to whether it will work out but I decided to keep it still in hopes that my edge still play out but that top wick rejection definitely reduced the odds I would think.
Am sharing just same if anyone wants to check it out and follow along. I think it will pump soon to target just a matter of timing entry and using wide enough stop for good RR to reduce chance of getting stopped.
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Repositioned OM long
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actually, cancel OM trade. I think it might actually break to the downside instead as its quite high on the daily
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Just re-entered OM long
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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.