DONT take any action now, just wait for a few days
This area here, we cannot identify any good 10R trades yet,
so we have to wait it out.
trading is mostly a waiting game
might need to wait for 2 - 3 days at least for the price to " fight it out".
i have tried many times to trade in this area, scalping, but the failures were 90%.
however, big 10R trades are stress free and very easy to identify and to trade. lets just wait for those trades.
I will try to go long ( for a mid term scalp , because the overall trend is still down ) but we have to wait for confirmation first. not waiting for confirmation is suicide......
so we have to wait it out.
trading is mostly a waiting game
might need to wait for 2 - 3 days at least for the price to " fight it out".
i have tried many times to trade in this area, scalping, but the failures were 90%.
however, big 10R trades are stress free and very easy to identify and to trade. lets just wait for those trades.
I will try to go long ( for a mid term scalp , because the overall trend is still down ) but we have to wait for confirmation first. not waiting for confirmation is suicide......
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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.