GU Long Trade Open:
M5 Classic, pre-LS.
The basis for this long trade in the face of the H1 chart showing a down trend is the very high volume below the lower whole number (at the lows on the chart) versus the not so high volume above the upper whole number (more recent highs on the chart). In other words, their seems to be far more interest in closing shorts and going long, than in closing longs and going short. So, with nice bullish waves present on M5 following the MMs getting the price below the half number - a PVSRA indication of possible bulls - I have decided to risk this entry.
M5 Classic, pre-LS.
The basis for this long trade in the face of the H1 chart showing a down trend is the very high volume below the lower whole number (at the lows on the chart) versus the not so high volume above the upper whole number (more recent highs on the chart). In other words, their seems to be far more interest in closing shorts and going long, than in closing longs and going short. So, with nice bullish waves present on M5 following the MMs getting the price below the half number - a PVSRA indication of possible bulls - I have decided to risk this entry.