The price is currently testing a previously broken structure. Was that bullish move to the upside a correction move? Or will the price keep rising and create new highs? We never know, so instead of predicting, we follow what we have at the moment. If the price manages to break the structure and come back for a re-test, we are gonna BUY and aim for area identified on the graph. On the other hand, if the price manages to create a nice top and reject the structure, we are gonna sell and aim for a new Lower Low.
Feel free to share your thoughts and opinions in the comment section below, family!
Feel free to share your thoughts and opinions in the comment section below, family!
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.
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.