There is a 2Day Rej Block above open price, this is a good place to look for shorts. Relatively slow week from a news perspective besides Powell yapping on Friday. Expect a reaction based on that. The actual direction depends on where price is at at the time of the speech, this is my best guess at where it may end up.
Note
with my trading performance having been a mixed bag for the last few weeks, I am going to be focusing on trade completion which means more conservative profit taking. Mostly will be looking for 1:3R trades. I will still annotate where I feel price is likely to draw to but may not be holding to those targets. Let the algo show you its hand.
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Let the algo show you its hand.
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.