HEGROUPAlgo TradingSystem by Remisier CheDin
The current market conditions, as identified by my algorithmic system, indicate potential upward signals. These signals include increased trading volume, an upward trend with prices above the EMA20 and EMA50. Consequently, the present conditions suggest a possible upward trend.
It's crucial to remember that trading strategies account for only 10-20% of your overall trading success. The majority of your success depends on effective risk management. This involves having a well-defined trading plan and appropriate position sizing, which are essential for maintaining the right trading psychology. Master your risk management and trade according to your plan.
HEGROUP trade ideas
HEGROUPA golden cross occurred a few days ago. Does it have strong momentum for the continuation? Currently, the price is above the Tenkan-Sen, Kijun-Sen, and Kumo. The analysis is based on the N wave and the N, V, & E levels. The nearest resistance is at 0.6, and needs to breakout this resistance to reach the targeted levels.
Note:
Analysist for study purposes.
Trade at your own risk.
PRICE IN RETRACEMENT, WAITING FOR A POSITIVE SIGNCurrently, the Moving Averages (9 and 21) maintain a downward slope, signaling a bearish trend. The price action in the H4 timeframe corresponds to the Fair Value Gap (FVG) zone, indicating a critical area for potential market movement. To initiate a bullish trajectory, a decisive breakthrough of the FVG zone is necessary.
Additionally, the strength indicator, ADX DI, suggests seller dominance in the market with moderate strength. Observing for a potential crossover of DI+ over DI- could offer further insight into market dynamics.
Disclaimer: Please note that the information provided herein is for educational and informational purposes only. It is not intended as financial advice, and no investment decision should be made solely based on this content. Any actions taken in the financial markets are undertaken at your own risk. Always consult with a qualified financial advisor or investment professional before making any investment decisions.