Reason for long: This zone can be seen as big funds are accumulating orders (power), that is the reason why previous spikes up happened. Now prices are coming back for a second retest. We must wait for confirmation to long together with the big funds.
Stoploss @ Below the zone
__________________________ bb2thetrader
Trade active
Here comes the confirmation on 1hr chart. A pin bar. ! Stoploss below the accumulation zone of course.
Note
Finally here comes the spike that we have been waiting for....!!!
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.