Sunday Gameplan
Friday market had shown signs of an undecided direction between buyers and sellers
4 Hour charts suggests a rejection at this point with a possible pull back for sellers
as far as direction goes, there is no real confirmation of either direction at the moment, except to keep in mind the buyers side of things have been dominant
until the buy side loses strength, and after having confirmation and direction, then we go will decide to go short
for now, I am still long bias, looking into these 2 zones and letting price action happen first, then looking to a convergence some where for possibly more upside
either than that, be a spectator, save your accounts for when the moment confirms
4 Hour charts suggests a rejection at this point with a possible pull back for sellers
as far as direction goes, there is no real confirmation of either direction at the moment, except to keep in mind the buyers side of things have been dominant
until the buy side loses strength, and after having confirmation and direction, then we go will decide to go short
for now, I am still long bias, looking into these 2 zones and letting price action happen first, then looking to a convergence some where for possibly more upside
either than that, be a spectator, save your accounts for when the moment confirms
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.