New Tp and SL+ market explanation
- the candle the move the market higher had a engulfing body and engulfing volume compare to the candle before it.
- The market is currently trending, It will most likely break the weak support and make a higher high,
- The high spread high volume candle also fished for liquidity, as you can see with the arrow near the trend line
- The market is currently trending, It will most likely break the weak support and make a higher high,
- The high spread high volume candle also fished for liquidity, as you can see with the arrow near the trend line
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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.