Just a small update on my long setup. Last week we closed below the previous week's low without taking the high and that's all I need to consider it a valid pullback. This week onwards I would expect price to eventually continue going higher towards that the weekly liquidity.
On the daily timeframe we can either start going higher following lower time frame structure but if we go lower and create a new internal range I will wait for price to give bullish internal structure before targeting the weekly high.
On the daily timeframe we can either start going higher following lower time frame structure but if we go lower and create a new internal range I will wait for price to give bullish internal structure before targeting the weekly high.
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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.