Heading into the open, we're still inside TPO prior value (see yellow area). Scalpers may be able to fade (short) from the top of VAH - particularly after a stop run of prior swing high.
If you're bullish, either wait for a breakout of the yellow area and pullback or wait to fade from the lower part of the yellow rectangle.
Higher timeframe bias unclear, so for scalpers, may be a good opportunity to just play inside this value area and take profits after 1-2 measured moves.
-StoicTraderCoach
If you're bullish, either wait for a breakout of the yellow area and pullback or wait to fade from the lower part of the yellow rectangle.
Higher timeframe bias unclear, so for scalpers, may be a good opportunity to just play inside this value area and take profits after 1-2 measured moves.
-StoicTraderCoach
Trade ativo
Update: Bull breakout pullback scenario in play. We've spent a long enough time above the yellow area to turn bullish. However, be aware of potential stop run and rejection of yesterday's 47,400 swing high.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.