I am long right now since Friday, but looking to get out on failure of 4 hr candle to close above 10 ema or price getting rejected in the $1625-30 zone. The way the monthly candle formed, its likely that i would see a range bound price action with possible healthy pullback. A new high is unlikely without a rate cut from FED. As a result, i have mapped a descending channel to see if it follows lower high lower low formation, then we can scalp nicely using that as a basis
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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.