Depending of how you were managing the last trade, you would have been stopped at breakeven or some small profit.
The spot X would be a nice short location IF the heikin ashi on the 4H rotates to red, for more aggressive traders, at least the 1H heikin ashi has to rotate so you can sell above value.
The spot X would be a nice short location IF the heikin ashi on the 4H rotates to red, for more aggressive traders, at least the 1H heikin ashi has to rotate so you can sell above value.
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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.