Beautiful huge candle breaking pivot. this is not signal but purely documentation.
position sizing and risk management depend on you like BEP, trailing stop loss using EMA or nearest instituonal level
disclaimer on
with the momentum and the recent shift of structure to the bullish side, we have two points of possible reversal where we can be expecting confirmation for buys.
I PREDICT THAT THE EURAUD PAIR WILL SHORT BECAUSE ITS ON A SUPPLY ZONE ON THE H1 TIMEFRAME AND I HAVE PLACED THE TAKE PROFIT ON THE DAILY TIMEFRAME ON A DEMAND ZONE THAT CAME BEFORE THAT GAP
PUMP N DUMP
*BUY THE RUMOR SELL THE FACT*
Preparation
Accumulation : Institutions or Trump n the Gang accumulate position at lowest price, buy when oil was cheapest to keep the oil economy on.
Liquidity player : Saudi oversupply the market to keep the price low with reasoning of oil war with russian. (but of coz there are limit how far they can go before...
In a few days, we might get to see the price to speed up to 10000.00$. Lower TF traders will see it as another valid rally n buy the range breakout, the Trendline Traders would also buy the upper trendline breakout as we see at higher TF. In reality its just the scheme to provide more liquidity for the BIGBOYS to fill their big orders. Lets see how the story...
Our Long trade had been succesful previously, now time to sell, watch the price action really closely in the next closing hours n next week monday to wednesday.
Disclaimer
This is not investment advice. Trading entry need more research and real-time confirmation.
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