Quick hit n run [risky] short
Bearish Wolfe Waves forming inside an ascending wedge.
I would wait for price to break the upper Value Area of the volume profile of the current trading range to confirm short entry [no sell stops - market execution].
RSI [not as effective on such a frame] but looks ready for a little move to the downside. Golden pocket on the fib marked as well.
Will trigger myself a high leverage short taking targets first at the golden pocket, then according to reaction on POC and VAL of the volume profile I will decide wether to book more profits / close position or not. An ideal solution would be a sweep of the low.
Triangle fakeout / fake breakout could add confluence:
Trade safe and use adequate position sizing.
I would wait for price to break the upper Value Area of the volume profile of the current trading range to confirm short entry [no sell stops - market execution].
RSI [not as effective on such a frame] but looks ready for a little move to the downside. Golden pocket on the fib marked as well.
Will trigger myself a high leverage short taking targets first at the golden pocket, then according to reaction on POC and VAL of the volume profile I will decide wether to book more profits / close position or not. An ideal solution would be a sweep of the low.
Triangle fakeout / fake breakout could add confluence:
Trade safe and use adequate position sizing.
تم فتح الصفقة
What I had to say about RSI was put in square brackets so it is not showing for some reason. I only mentioned its ineffectiveness on such small time frames but extra confluence isn't bad when you can see a clear -yet ephemeral- bearish divergence.تم فتح الصفقة
Booked profits at VAL and trailed my stop. Risk free.أغلقت الصفقة: تم الوصول للهدف
Trade closed almost at the golden pocket.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.