A Heiken Ashi doji is building on MAMA support, indicating a next wave of price is coming either to the upside or downside. Opening some longs here with tight SL below recent wicks, will be watching next daily candle for HA momentum to upside.
Weighted Daily RSI is showing center while StochRSI is showing heavy oversold, this is also an indication that a price swing to the upside could be coming.
Weighted Daily RSI is showing center while StochRSI is showing heavy oversold, this is also an indication that a price swing to the upside could be coming.
Trade active
+15% in profit since open orders. 4HR picture shows price is slowing momentum as a Heiken Ashi doji candle forms. I will be watching for a bullish momentum candle for Daily trend continuation.
The StochRSI and wheited RSI are oversold, another good indication price will be swinging up.
Trade active
Time stop getting close to being hit. I expected VTC to move price at a faster pace. I will consider closing this trade soon for +20% profit and re-evaluating for a new trade if the next HA 4HR candle has a downward momentum after this Doji forms.Trade closed: stop reached
Closed for +10%
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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.