The last buying push is failing due to absorption and then in the absent of buyers price is moving downward with a very low volume. This week I like to see buyer will be active and start participating because price is moving faster to grab all the liquidity which is buying limit orders. https://www.tradingview.com/x/5smDbE8z/
I will update you tomorrow that what's going on we are getting long side or sell side. My Initial idea is going long with the strong hands.
I will update you tomorrow that what's going on we are getting long side or sell side. My Initial idea is going long with the strong hands.
Note
Price is at Accumulation phase now wait for second test ( Selling orders absorption). Once it will done then switch down to 5m timeframe for long entry.Stay Tunned (:
Note
As I told you guys about second test, market do the same and I switch to 5m timeframe to enter the long position.The Profit Target are on 1 hour time frame, there are 2 levels which ever suits you well.
Note
After Second test market grab the liquidity again and then continue to our 1st profit targetTrade closed: target reached
Targets are achieved successfully ;)
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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.