Well, This looks like a very good long trade. But since we are over extended to the upside, i will be very careful.
use medium size to take this long.
You need to monitor the price when it enters this purple zone, and check for confirmation that the price is truly reversing from this area.
Anyways, before i enter the trade i will be updating, so make sure you check back again.
use medium size to take this long.
You need to monitor the price when it enters this purple zone, and check for confirmation that the price is truly reversing from this area.
Anyways, before i enter the trade i will be updating, so make sure you check back again.
Note
Shitty price action to be honest. Cant even confirm the move myself. I think its Friday today and the price touched that purple area late today, and thus there was very little amount of money flowing into the market (i assume). We wait until Monday then and we will see what will happen.
Trade closed: target reached
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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.