Possibility : upward direction -still its in consolidation stage
Its is giving signal of uncertainty means, it may be a reversal but we will wait for strong green signal to go long.
it is in consolidation stage, lets wait for breakout signal to go long or short as if its gives some strong signal on 2nd day for bullish movement. we will go long on 3rd day after observing it on 4 hours chart. with a tight stop loss.
I would trade reversal for high risk rewards ratio.
it is in consolidation stage, lets wait for breakout signal to go long or short as if its gives some strong signal on 2nd day for bullish movement. we will go long on 3rd day after observing it on 4 hours chart. with a tight stop loss.
I would trade reversal for high risk rewards ratio.
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.