I'm a bit on the fence here
-after a big bear push now we formed indecision candle on the daily
-on the 4h we are forming a W at the Monthly 110.00
-on the 2h we have the emas already crossing over
-We failed to make lower lows
So given the confluences I think we should go up to at least the pink level, but given that it is still indecisive i might wait for some confirmation. Besides I don't like the R:R.
When in doubt, stay out.
-after a big bear push now we formed indecision candle on the daily
-on the 4h we are forming a W at the Monthly 110.00
-on the 2h we have the emas already crossing over
-We failed to make lower lows
So given the confluences I think we should go up to at least the pink level, but given that it is still indecisive i might wait for some confirmation. Besides I don't like the R:R.
When in doubt, stay out.
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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.