Scenario 1
According to RSI and the strength of index, the price will go up and enter Sell Limit Zone. By Forecast of tomorrow's event, it will weaken the USD Index, so the price will go down from that zone.
Scenario 2
But, if the buy order is overbought and brings the price more to reach the second zone of sell limit order zone. So for the scenario 1, better to wait and see and put sell stop after a signal of pin bar is showed up.
According to RSI and the strength of index, the price will go up and enter Sell Limit Zone. By Forecast of tomorrow's event, it will weaken the USD Index, so the price will go down from that zone.
Scenario 2
But, if the buy order is overbought and brings the price more to reach the second zone of sell limit order zone. So for the scenario 1, better to wait and see and put sell stop after a signal of pin bar is showed up.
Trade active
Alright, It is reaaching the second zone.Trade closed: target reached
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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.
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.