-Anticipation of an uptrend continuation or printing of a Higher High (HH) based on yesterday's bullish candle closure.
Strategy If Pending Buy Order Is Not Triggered:
-If the pending buy order in the buy zone is not triggered, I will wait to sell in the predetermined zone.
Monitoring AO Indicator:
-Observing the AO indicator, which has reached its peak and is expected to form a Lower High (LH), indicating bearish divergence and a change in trend structure from uptrend to downtrend.
Use of Analysis Tools:
-To determine the best selling price, utilizing tools such as trendline and Fibonacci.
Sell Zone and Fibonacci Levels:
-The sell zone is near the upper trendline and Fibonacci levels, especially around the 1.236 and 161.8 zones.
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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.