Needs some more upside to complete this correction. I don't expect to be sharp and quick but it looks like decent setup after all.
Best strategy is to enter with a pending order after break above the 1H flag and set to break even once it reaches the most recent 4H high.
Stop loss should be bellow the most recent low.
Best strategy is to enter with a pending order after break above the 1H flag and set to break even once it reaches the most recent 4H high.
Stop loss should be bellow the most recent low.
Note
If you don't feel comfortable trading in corrections you can skip the buy and just wait for the sell, that is absolutely fine, but no need to rush with the sells. if the setup materialize because we are so close to recent demand zones buyers will have advantage.
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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.