If you're navigating conflicting biases, here are two potential setups:
1. Bullish 5-0 Pattern at 149.96: Long Opportunity
- Engage in a long position based on the completion of the Bullish 5-0 pattern at 149.96.
- This pattern signals a bullish bias, providing an opportunity for traders expecting an upward move.
2. Type2 Bearish Shark Pattern at 150.67: Shorting Opportunity
- Consider a short position if the Type2 Bearish Shark Pattern completes at 150.67.
- This approach factors in the possibility of Fed rate cuts in June, potentially influencing a bearish move.
As a trader, it's essential to weigh the conflicting signals and align your strategy with your overarching market outlook. Feel free to share your preferences and insights on these setups.
1. Bullish 5-0 Pattern at 149.96: Long Opportunity
- Engage in a long position based on the completion of the Bullish 5-0 pattern at 149.96.
- This pattern signals a bullish bias, providing an opportunity for traders expecting an upward move.
2. Type2 Bearish Shark Pattern at 150.67: Shorting Opportunity
- Consider a short position if the Type2 Bearish Shark Pattern completes at 150.67.
- This approach factors in the possibility of Fed rate cuts in June, potentially influencing a bearish move.
As a trader, it's essential to weigh the conflicting signals and align your strategy with your overarching market outlook. Feel free to share your preferences and insights on these setups.
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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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.
