It is based purely on indicators.
PA looks to be on the sell side.
But, on 1 hr chart, the indicators have started to being too bearish and more bullish or levelling off.
Hence, I am opening a long position.
Potential scalp trade that can turn into swing trade for long term. Will see.
PA looks to be on the sell side.
But, on 1 hr chart, the indicators have started to being too bearish and more bullish or levelling off.
Hence, I am opening a long position.
Potential scalp trade that can turn into swing trade for long term. Will see.
Comment:
I have shorted futures while longed swap. That way any drop will be covered by the gains in futures short positions. The most this can go down is 9600 (I guess). Hence, that is where I would close the future short position. If it rallies, then I will close the future short and keep swap. Either way, right now no pain no gain only strategy.
Trade active:
well, I scaled down and now holding long only. I closed the hedge at a minor profit. And, I woke up to see a nice profit on longs. Now I hodl a smaller leverage hodling. I want to see how it reacts to 12500 with volume before increasing any volume. Also, I need some fresh air