Salaam
Despite the total bullish market, the last daily candle is a bearish reversal spinning top at descending trend line.
It also has bearish engulfing in 4h.
Regarding the market bullish environment, I risk half of the normal ones.
I open the trade because of the very good risk-reward ratio.
Good luck
Despite the total bullish market, the last daily candle is a bearish reversal spinning top at descending trend line.
It also has bearish engulfing in 4h.
Regarding the market bullish environment, I risk half of the normal ones.
I open the trade because of the very good risk-reward ratio.
Good luck
Note
In the 4h chart, you can see the 4h bearish engulfing as a false break.Price retrace 61 Fibo of it.
Note
Finding a rising wedge:
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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.