Pullback risk
Updated
Good morning guys!!
Yesterday, prices rebounded on the first support S1, given by ema 100, drawing a good green candle in long optics.
The most aggressive traders have opened long to the second daily test of the first support, but to be sure of the reversal of the short-term trend, a very important thing is necessary: prices have to break up our dear black trendline.
Because? Let's look at what the prices did during the previous correction: TL break, pullback, and short continuation. So this could happen even now.
I conclude: the most aggressive traders are already positioning on the market, but to have a very low risk / return ratio, we must wait for the TL break.
See the chart in the comments for the H4 break levels.
Good work and have a nice day!!
Yesterday, prices rebounded on the first support S1, given by ema 100, drawing a good green candle in long optics.
The most aggressive traders have opened long to the second daily test of the first support, but to be sure of the reversal of the short-term trend, a very important thing is necessary: prices have to break up our dear black trendline.
Because? Let's look at what the prices did during the previous correction: TL break, pullback, and short continuation. So this could happen even now.
I conclude: the most aggressive traders are already positioning on the market, but to have a very low risk / return ratio, we must wait for the TL break.
See the chart in the comments for the H4 break levels.
Good work and have a nice day!!
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