Market is in a uptrend, price has been respecting 50MA with multiple retest
Wait for price to retest recent swing low and 50MA with a false break showing buyer still in control .
False Break candlestick pattern: Hammer / engulfing
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Wait for price to retest recent swing low and 50MA with a false break showing buyer still in control .
False Break candlestick pattern: Hammer / engulfing
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Note
price action did not occurOrder cancelled
Always trade with the Trend, Trend is your friend until it bend
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.
Always trade with the Trend, Trend is your friend until it bend
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.