It's weekend and we cannot do anything until the market further develops on Monday. Yes we know market either goes up or goes down, so might as well get mentally prepared on possible scenarios. Save this idea and see how it runs on the Monday and I will further update below.
Additional Note:- If market not successfully close above 78.6 fib with at least 2 candles, we will still look for short setup.
Additional Note:- If market not successfully close above 78.6 fib with at least 2 candles, we will still look for short setup.
Note
We broke out of the trend line.As mentioned, wait for a close.
I don't enter immediately after a close unless it's my sleeping hour and i don't want to wait. I'll wait for 1 more candle to close, then only enter.
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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.