Disliked{quote} Maybe I could explain Friday trading a bit more. You are right in thinking a short coming up at our trade time as was I, the H1 had the makings of a HD right on previous EMA level. The H1 EMA target was around 30 pips below. No trade yet.{image} The M15 showed no Bear divergence at this point but did start heading back to the EMA. No trade yet. {image}On the M5. Also no Bear divergence at our trade time that I could see and price comes back to the EMA and makes an ABCD. I am starting to think Long at this point due to the lack of divergence...Ignored
You mean: When H1 make HD possible, M15 at that time don't have bear DIV--> no trade here. Check M5, still no DIV bear here, price come back EMA, form ABCD, and seem can't build bear support for move down yet --> maybe HH with ABCD target at least.
All clue combine make you thought price may have chance to go up, but still unsure (70%up - 30% down) --> you put buy stop on M5 EMA swing high and short stop on open daily. And after that, bull support on M5 appear make you more confident price will go up.
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