As mentioned on the chart,
also, there is a downtrend resistance line
so if price backtest demand zone (upper green block)
and price action within my expectation (uptrend momentum continually gets weak)
it may be a short potential position but place order
only if apparent bearish signals appear, could be bearish engulfing, evening star...so on, also could check it in LTF
entry, SL, TP all given on chart.
it's just personal opinion, not investment advice!
also, there is a downtrend resistance line
so if price backtest demand zone (upper green block)
and price action within my expectation (uptrend momentum continually gets weak)
it may be a short potential position but place order
only if apparent bearish signals appear, could be bearish engulfing, evening star...so on, also could check it in LTF
entry, SL, TP all given on chart.
it's just personal opinion, not investment advice!
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.
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.