Why?
Price has reached the EMA 26. I assume that the price should move either up or down with volatility.
Also, I have S50M23C975 for 5 contracts.
Long S50M23P925 OTM 5 contracts.
If they still last candle like this may it happen but we have waiting for confirm by next candle close make lower low last candle or below 990. if it happen that wave from 945 to 1005 it can be a rebound in big timeframe (4H&Day)
BUY for consolidation phase:
Price already break 926 with big red candle with the price falling down to 923/920
Buy 923 on small lot (40%) another lot on 920 (60%)
Set TP as 926 for sure is around 927 can close order.
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SELL for Double top pattern:
Set SELL limit on 926 and Set TP/SL 933 (934 for sure)/ 915
RR: 1.7
2 Scenarios can occur following:
*UP: If price breakout resistance area lead to bullish flag wait the price retrace at breakout trend line or zone to confirm the order Long
**DOWN: If price did not have volume to break resistance area, price will get retrace to support due to double was formed and already got retrace (CF to Short)
Grid Trading system
Daily: EMA rising, MACD-H ticked up, Vo is stable, bridge pattern, Trend is up.
1H: Bridge pattern @ EMA 13, EMA 26 is rising, MACD-H ticked up, Vo is stable and decreasing, Go long
ToDo: Buy bridge breakout, no stop, exit at 1000, or short call if premium > cashflow model
