ECAD: Long or Short?
As we all know, the market will do 1 of 2 things; buy or sell. My bias is a short, however, the market will need to pullback to the previous broken zone and show rejection, only then will I enter into a short position. If the market pulls back and breaks above the previous broken zone, I will enter a long position upon the market showing and holding a strong support at that zone. This idea will be invalid if the market creates a new zone of support and rejects it to the upside or if it breaks below that newly created zone. Stay tune for the results!
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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.