Moving average crossover on daily chart, bullish setup forming
Bullish crossover - check
Pull back to slow EMA - check
Waiting for candle to close above previous body, then pull back into range of previous candle for better price, then OTM calls with expiration 1-2 weeks out.
Pull back to slow EMA - check
Waiting for candle to close above previous body, then pull back into range of previous candle for better price, then OTM calls with expiration 1-2 weeks out.
Order cancelled
Disqualified long trade when subsequent bar closed below slow EMA.
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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.