So, that was a nice long trade.
Now price is stretched at the Upper Medianline Parallel (U-MLH).
As of the time of writing, I already see price pulling back into the Fork. A open and close within the Fork would indicate a potential push to the south.
Target would be the Centerline, as it is the level where natural Meanreversion is.
Observation Hat ON! §8-)
Now price is stretched at the Upper Medianline Parallel (U-MLH).
As of the time of writing, I already see price pulling back into the Fork. A open and close within the Fork would indicate a potential push to the south.
Target would be the Centerline, as it is the level where natural Meanreversion is.
Observation Hat ON! §8-)
Trade closed manually
I would take the profit - the weekend is knocking!🔱 Follow The Fork 🔱
👉 Free Newsletter
👉 Join free Mini-Lessons
👉 Avoid subjectivity. Embrace rule-based trading
👉 Free yourself - Create your own profitable Charts
🔱 howtochart.com
👉 Free Newsletter
👉 Join free Mini-Lessons
👉 Avoid subjectivity. Embrace rule-based trading
👉 Free yourself - Create your own profitable Charts
🔱 howtochart.com
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.
🔱 Follow The Fork 🔱
👉 Free Newsletter
👉 Join free Mini-Lessons
👉 Avoid subjectivity. Embrace rule-based trading
👉 Free yourself - Create your own profitable Charts
🔱 howtochart.com
👉 Free Newsletter
👉 Join free Mini-Lessons
👉 Avoid subjectivity. Embrace rule-based trading
👉 Free yourself - Create your own profitable Charts
🔱 howtochart.com
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.
