H1 - Short for 1,200 plus points TP 1 on bear ACP w/ others IFS
I got a valid and ideal double top here on the H1 with a regular bearish divergence forming that indicates underlying weakness. Bulls are exhausted. Warning of possible trend direction change from uptrend to downtrend. A Counter-RT and a 2618 can be observe in the future depending on future market/price action.
There could also be potential bear bat setup completion soon for an opportunity to short/sell the market even I got a bullish bias on this one. Either way around if market gives me that specific and certain price behavior, market structure and exact Fibonacci retracement and extension/inversion ratios, I could enter a position buy or sell regardless what is happening in the markets. This is playing with the IFS of the market.
Given the market structure and behavior, a potential Bear AB=CD could also be spotted right here. A losing bat setup will trigger a long/buy position and TP on the AB=CD completion and an opportunity to short/sell depending on future market/price action or any confirmation to do so.
We will try to hedge our possible short/sell position with a buy/long position if there would be any confirmation or signal to go short upon completion with an objective to lock the floating risk (from the short trade) or to minimize risk (martingale system on the long/buy position). Trade at your own risk and with care. Good luck!
There could also be potential bear bat setup completion soon for an opportunity to short/sell the market even I got a bullish bias on this one. Either way around if market gives me that specific and certain price behavior, market structure and exact Fibonacci retracement and extension/inversion ratios, I could enter a position buy or sell regardless what is happening in the markets. This is playing with the IFS of the market.
Given the market structure and behavior, a potential Bear AB=CD could also be spotted right here. A losing bat setup will trigger a long/buy position and TP on the AB=CD completion and an opportunity to short/sell depending on future market/price action or any confirmation to do so.
We will try to hedge our possible short/sell position with a buy/long position if there would be any confirmation or signal to go short upon completion with an objective to lock the floating risk (from the short trade) or to minimize risk (martingale system on the long/buy position). Trade at your own risk and with care. Good luck!
Trade closed: target reached