Buyer attempting 3rd breakthrough
Updated
This might be a good entry point for short position, in anticipation of a big price drop, if buyer failed to maintain breakthrough for the 3rd time. Although buyer sentiment is strong, a reversal might happen which favors a 2:1 profit:loss ratio.
Note
Bear in mind that my trading strategy is always analyzing the next W1 candle only.Note
Check out DrawForex.com which tracks my real-time trading performance!Trade active
Related publications
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.