In yesterday´s video I mentioned that price was firmly in the blue algo for buying and at the same time, at the time of recording the price was building liquidity potentially for some continuation.
In today´s video we review how you could´ve traded that, however given the buying continuation, and the price neighbouring your 20 day MA, there could be some limit in regards to more buying.
I´m not saying this will reverse but we have to be cautious as risk/reward get skewed and take this one algorithm or indicator at a time.
Hope this video helps
As always, let me know if there are any questions
In today´s video we review how you could´ve traded that, however given the buying continuation, and the price neighbouring your 20 day MA, there could be some limit in regards to more buying.
I´m not saying this will reverse but we have to be cautious as risk/reward get skewed and take this one algorithm or indicator at a time.
Hope this video helps
As always, let me know if there are any questions
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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.
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.