It sounds like preparing for a potential upward movement in the market. With the pivot point at 0.62225, it could be a good area to watch for price action confirmation. Waiting for bullish candles to appear before entering a position is a smart strategy as it confirms market sentiment.
Trade active
Trade closed: stop reached
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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.