Above is an update on previous 2 setups posted this week, with possible bear traps expected if market continues a rally. So far the setups have played out well as expected with shorts hitting target from last session sell off and longs currently active for option 1. Option 2 still possible to occur if Asian session does not produce enough volume to push price higher.
Be careful on the possibilities of another sell off before buys are validated else wait on breakout of this week's peak to go long.
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Be careful on the possibilities of another sell off before buys are validated else wait on breakout of this week's peak to go long.
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Trade active
Note
risk free longs activeTrade closed: stop reached
Longs closed at Breakeven
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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.