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I'll answer any question ASAP.
I'll answer any question ASAP.
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Long story short:
Upward positions are risky but more probable with no good risk/reward
Downward positions are less probable but with good risk/reward.
any more questions?
Upward positions are risky but more probable with no good risk/reward
Downward positions are less probable but with good risk/reward.
any more questions?
In case of trading, for buy positions you should be still cautious as bullish momentums are so unstable. even after breaking the orange line, price will have a major drop, hitting the redline.
so buy positions should be on low timeframes and with tight stop-loss and risk-free strategies.
but for short positions you can rely on hourly and 15 min timeframe.
if major weaknesses are observed, wait for a big drop to the green zones.