Setup possibly on 4hr but daily chart shows gap and 38% retracement which was fridays low
Looking for short term long
Yorum:
Original thoughts were to look for a Bollinger band reversal (close outside 2sttd dev - bounce - then close inside bollinger band for snap back mean reversion trade), nice entry would have been a small green candle on 4hr within the 4hr bollinger band
However 4hr chart has just closed and is not looking bullish, still waiting for a small green candle to form with low risk, if it doesn't happen then will be sitting on hands and doing nothing as I am position short anyway
No point forcing a trade that is not there - don't trade what you think - trade what you see.. and at the moment I see no hint of a rally
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
However 4hr chart has just closed and is not looking bullish, still waiting for a small green candle to form with low risk, if it doesn't happen then will be sitting on hands and doing nothing as I am position short anyway
No point forcing a trade that is not there - don't trade what you think - trade what you see.. and at the moment I see no hint of a rally