GJ is still generally bearish, 2 scenarios below
Although it's generally still bearish, but sometimes GJ surprises us with a move against any bias, so we always need to have 2 scenarios in mind, the explanation is inside the picture itself.
The highest probability will be for a sell but I keep the buy in mind as well.
Here are the trade execution rules:
1. Do not take a trade inside the zone.
2. Wait for the 30m candle to actually close above or below the zone (with a wick) before executing.
3. Trade can be executed on the 15 minutes afterwards
4. Do not trade outside volume-hours, volume hours are 1 hour before London open till 1 hour after it opens, one hour before NY open and one hour after NY open.
Regards, Marwan
The highest probability will be for a sell but I keep the buy in mind as well.
Here are the trade execution rules:
1. Do not take a trade inside the zone.
2. Wait for the 30m candle to actually close above or below the zone (with a wick) before executing.
3. Trade can be executed on the 15 minutes afterwards
4. Do not trade outside volume-hours, volume hours are 1 hour before London open till 1 hour after it opens, one hour before NY open and one hour after NY open.
Regards, Marwan
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.