Well, I learned from my last trade that I should be focusing more on reading candlesticks!
Technical:
-Resistance broken + retested (consolidation breakout)
-strong rejection wick (1h) and somewhat bullish candlesticks
-spike in volume
-retest was in my Fib. golden zone
-retest was within my 100 EMA - 200 EMA zone --> dynamic support?
-Imbalance??
Fundamental and Sentimental:
-there arent any news coming up so I should be fine on that
-retail sentiment is the only thing Im worried about. Although its a mixed sentiment its still 60% bullish and 40% bearish. Lets just see how it goes.
Still learning (paper trading menace) and developing!
Technical:
-Resistance broken + retested (consolidation breakout)
-strong rejection wick (1h) and somewhat bullish candlesticks
-spike in volume
-retest was in my Fib. golden zone
-retest was within my 100 EMA - 200 EMA zone --> dynamic support?
-Imbalance??
Fundamental and Sentimental:
-there arent any news coming up so I should be fine on that
-retail sentiment is the only thing Im worried about. Although its a mixed sentiment its still 60% bullish and 40% bearish. Lets just see how it goes.
Still learning (paper trading menace) and developing!