In yesterday´s video I mentioned that price was firmly in the blue algo for buying and at the same time, at the time of recording the price was building liquidity potentially for some continuation.
In today´s video we review how you could´ve traded that, however given the buying continuation, and the price neighbouring your 20 day MA, there could be some limit in regards to more buying.
I´m not saying this will reverse but we have to be cautious as risk/reward get skewed and take this one algorithm or indicator at a time.
Hope this video helps
As always, let me know if there are any questions
In today´s video we review how you could´ve traded that, however given the buying continuation, and the price neighbouring your 20 day MA, there could be some limit in regards to more buying.
I´m not saying this will reverse but we have to be cautious as risk/reward get skewed and take this one algorithm or indicator at a time.
Hope this video helps
As always, let me know if there are any questions
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.