Bearish Wolfe Waves forming inside an ascending wedge.
I would wait for price to break the upper Value Area of the volume profile of the current trading range to confirm short entry [no sell stops - market execution].
RSI [not as effective on such a frame] but looks ready for a little move to the downside. Golden pocket on the fib marked as well.
Will trigger myself a high leverage short taking targets first at the golden pocket, then according to reaction on POC and VAL of the volume profile I will decide wether to book more profits / close position or not. An ideal solution would be a sweep of the low.
Triangle fakeout / fake breakout could add confluence:
Trade safe and use adequate position sizing.
I would wait for price to break the upper Value Area of the volume profile of the current trading range to confirm short entry [no sell stops - market execution].
RSI [not as effective on such a frame] but looks ready for a little move to the downside. Golden pocket on the fib marked as well.
Will trigger myself a high leverage short taking targets first at the golden pocket, then according to reaction on POC and VAL of the volume profile I will decide wether to book more profits / close position or not. An ideal solution would be a sweep of the low.
Triangle fakeout / fake breakout could add confluence:
Trade safe and use adequate position sizing.
Dagangan aktif
What I had to say about RSI was put in square brackets so it is not showing for some reason. I only mentioned its ineffectiveness on such small time frames but extra confluence isn't bad when you can see a clear -yet ephemeral- bearish divergence.Dagangan aktif
Booked profits at VAL and trailed my stop. Risk free.Dagangan ditutup: sasaran tercapai
Trade closed almost at the golden pocket.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.