Good morning guys,
yesterday I could not find any trade setups and today so far it does look similar.
What happened?
Over the week the trend was stable down, that changed yesterday after a couple of attempts to break the Daily Pivot and a violation of the SMA50.
As expected the trend is messed up now and we are currently trying to attack the Daily Pivot.
Generally this is not a very profitable trading situation as targets and stops have to sit tighter than usual and framing keylevels might not be hit, until the trend becomes clear again. (Or been not traded at all)
Just now the SMA50 is trying to cross the SMA100. Chances are good there is not much volatility today.
As usual I have marked levels and the new MultiPivot Indicator is now also showing the specific price levels.
Best wishes,
Neru
yesterday I could not find any trade setups and today so far it does look similar.
What happened?
Over the week the trend was stable down, that changed yesterday after a couple of attempts to break the Daily Pivot and a violation of the SMA50.
As expected the trend is messed up now and we are currently trying to attack the Daily Pivot.
Generally this is not a very profitable trading situation as targets and stops have to sit tighter than usual and framing keylevels might not be hit, until the trend becomes clear again. (Or been not traded at all)
Just now the SMA50 is trying to cross the SMA100. Chances are good there is not much volatility today.
As usual I have marked levels and the new MultiPivot Indicator is now also showing the specific price levels.
Best wishes,
Neru
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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.