On the right, the Bearish Crab Pattern on the daily chart is going to form at 105.29. Like you, I did have the impulse to buy it up and short it down, but that couldn't be the way. At the minimum, the strategy has to be tested.
If you have that thought, you could wait for buying opportunity on the lower timeframe.
I'm waiting for the retest of the trendline on the 1-hourly chart to long.
If you have that thought, you could wait for buying opportunity on the lower timeframe.
I'm waiting for the retest of the trendline on the 1-hourly chart to long.
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🏦 Qualify Junior Analyst within 90days
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Live session & Trading Tips on the GO
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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.