We have been playing a very narrow range for quite some time now, not being able to either settle higher or lower.
This means decisions can be made by the flip of a coin. I personally will not use that method LOL.
Any way, we are below the cloud , which normally signals bearish stance. However, the stochastic RSI is positive now, and starts building a case of seeing higher level, but not solid above 14.2300.
I have tried short, in these ranges, and has had no fruitful outcome and also because I had no technical side to support otherwise. Today, I feel we may see upside, even though am neutral. So my strategy is dependent to the individual decision, mine being, BUY current 13.45-13.55 for a break of 14.23 > 15.50-16.00. The profit level maybe first 15.40 for now and stop loss 11.50.
This means decisions can be made by the flip of a coin. I personally will not use that method LOL.
Any way, we are below the cloud , which normally signals bearish stance. However, the stochastic RSI is positive now, and starts building a case of seeing higher level, but not solid above 14.2300.
I have tried short, in these ranges, and has had no fruitful outcome and also because I had no technical side to support otherwise. Today, I feel we may see upside, even though am neutral. So my strategy is dependent to the individual decision, mine being, BUY current 13.45-13.55 for a break of 14.23 > 15.50-16.00. The profit level maybe first 15.40 for now and stop loss 11.50.
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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.