A daily bearish strong candle and a break over trend line mean that we should expect a reversal!
I'm considering a long position within the 1-hour zone. However, I believe it's prudent to await confirmation within the 4-hour zone, which also presents a promising opportunity to long the pair.
Presently, shorting the pair doesn't seem viable to me. I'll remain cautious until there's clear evidence of a continuation of the bearish trend.
Stay tuned for updates as the situation evolves.
Best regards,
I'm considering a long position within the 1-hour zone. However, I believe it's prudent to await confirmation within the 4-hour zone, which also presents a promising opportunity to long the pair.
Presently, shorting the pair doesn't seem viable to me. I'll remain cautious until there's clear evidence of a continuation of the bearish trend.
Stay tuned for updates as the situation evolves.
Best regards,
Note
A lower-risk ( in terms of risk I'll take) an anti-trend trade is possible here!0.25 of your normal risk in the way of correction.
Note
activated!Note
A great rejection from the level!Note
our low-risk trade failed! SL hit!
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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.