Short Setup
After yesterday's dump, VRA had a nice rally up to the 20MA.
I found points to which I could draw a range, top of range being the 20MA.
✅️Clear entry target
✅️invalidation is acceptance above 20MA/ range
✅️ targets are pre defined as range levels
✅️clear stop placement, minimal risk.
I would like to see yesterday's low tested again to form an accumulation/ redistribution level. From there I'll reassess.
I found points to which I could draw a range, top of range being the 20MA.
✅️Clear entry target
✅️invalidation is acceptance above 20MA/ range
✅️ targets are pre defined as range levels
✅️clear stop placement, minimal risk.
I would like to see yesterday's low tested again to form an accumulation/ redistribution level. From there I'll reassess.
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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.