At the moment, the candles seem to be forming an inside bar.
Looking at the volume of the inside bar with a light touch of the Ema
I'm going to view the inside bar as I would an outside bar(outside bars bring indecision into the markets)
I can tell that there is not much bullish or bearish movement in the candles,
And the volume of the bullish candle is relatively low.
But it seems to be using the Ema as support...
The market might do a strong bullish move on the next candle, or this candle will become a bullish candle.
But I won't take this (bullish) trade...
I'm Waiting for market to Hit the supply zone, I'll see how it reacts, before entering a bearish trade (lol, I'm trading with fake money, using only 20 dollars, with proper risk and reward)
I'm just a beginning trader~
Looking at the volume of the inside bar with a light touch of the Ema
I'm going to view the inside bar as I would an outside bar(outside bars bring indecision into the markets)
I can tell that there is not much bullish or bearish movement in the candles,
And the volume of the bullish candle is relatively low.
But it seems to be using the Ema as support...
The market might do a strong bullish move on the next candle, or this candle will become a bullish candle.
But I won't take this (bullish) trade...
I'm Waiting for market to Hit the supply zone, I'll see how it reacts, before entering a bearish trade (lol, I'm trading with fake money, using only 20 dollars, with proper risk and reward)
I'm just a beginning trader~
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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.