What was your reasoning for calling it long here, I had seen the same pattern as you. However, I was calling it short, due to a seemed double top at the supply zone highlighted. Just curious to understand your reasoning here. Good job on the analysis too.
D1Trading
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@BornSinner, Thanks for your nice comments. The reasoning for my analysis was that price was showing higher highs and higher lows indicating an uptrend, so i knew that buyers were in control. Additionally, the ema was indicating an uptrend too, so i had a break and retest setup for a buy on the previous resistance. Hope that helps ! Let me know if you have any questions.
UnknownUnicorn1081681
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@D1Trading, Awesome, nice seeing this from a different perspective. Cheers for the explanation. What period of EMA, are you using? I myself typically use the 200 EMA to gauge the momentum of the market.
D1Trading
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@BornSinner, No problem. The EMA used in this analysis was 50 period EMA.