I expect the up move in bullish direction. If the price breaks above the green line and close above, we can enter the trade on the smaller time frame. Its very important in which territory is price and trade in direction of trend for better results. I use only one profitable strategy and when everything lines up i enter the trade. Always use strict money management and risk/reward min. 1/1 or above.
Note
We come in minor buyers territory so now is greater possibility that price will climb to stronger buyers territory. I will monitor this trade for long opportunities.
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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.