ARBUSDT ARBUSDT
The logic behind this trade is that, on the higher timeframe, we still have bullish momentum. On the lower timeframe, we’ve seen an upward move followed by a moderate correction.
However, the momentum of the latest leg has weakened significantly, which suggests that the correction may be coming to an end and that another bullish move could be starting.
⚠️ Risk Disclaimer
This is just our market view, not financial advice.
Markets are risky, so trade carefully and manage your risk.
Note
The trigger we were waiting for has now been hit with strong bullish momentum, and the trade has officially been activated.However, since some time has passed between presenting the scenario and the trigger being hit, I should have updated the trade setup once again and moved the stop loss below the latest swing low.
So, if your risk management allows it, move your stop loss below the latest low.
If doing so takes the risk beyond your acceptable level, consider this trade invalid and skip it.
Dara Golbon
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.
Dara Golbon
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.