This situation is ideal for a hedged trade.
Bear
-4H SFP of highs (stop hunt), but distribution volume not showing bearish strength.
-200 Day EMA Resistance
Bull
-S/R Flip of Daily, retesting now and long to monthly/61.8%
Conclusion
-Hedge and take both
Bear
-4H SFP of highs (stop hunt), but distribution volume not showing bearish strength.
-200 Day EMA Resistance
Bull
-S/R Flip of Daily, retesting now and long to monthly/61.8%
Conclusion
-Hedge and take both
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.
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.