1) VSA: Decent volume on h4/h1 TF
2) MA 50/200 cross
p.s. purple line - upper macro downtrend border. Breakout on 01/14/20 on decent volume.
short orange line - breakout correction level (8200-8000).
Chances are high that we're going to test weekly resistance at 9500-9550. Thus, decided to long.
2) MA 50/200 cross
p.s. purple line - upper macro downtrend border. Breakout on 01/14/20 on decent volume.
short orange line - breakout correction level (8200-8000).
Chances are high that we're going to test weekly resistance at 9500-9550. Thus, decided to long.
Trade closed manually
Closed @8978. Don't like a price action at 9100-9150 level (previous high). Better to be on the sidelines and wait.
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Related publications
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.