Positive
- Good Fakey Setup
- Good Support Line
- Good Support Zone (Level)
Negative
- Last candle is not good confirmation
- Strong Bearish Pressure
Conclusion
- Setup rely on support line, if it breaks it negate this setup
- Need to see next 2-3 Candles
Comparison to recent fakey setups ( As shown in diagram )
- 3 out of 5 worked with good R:R, they were not perfect either !
- Good Fakey Setup
- Good Support Line
- Good Support Zone (Level)
Negative
- Last candle is not good confirmation
- Strong Bearish Pressure
Conclusion
- Setup rely on support line, if it breaks it negate this setup
- Need to see next 2-3 Candles
Comparison to recent fakey setups ( As shown in diagram )
- 3 out of 5 worked with good R:R, they were not perfect either !
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.