FROM RETAIL TRADER POINT OF VIEW MOST PEOPLE WILL LOOK TO GO SHORT, BUT AS I'M SEEING FROM INSTITUTIONAL TRADERS POINT OF VIEW BANK SHOULD MUST ENTER IN THIS MARKET AND PUSH THE PRICE UP, AS I HAVE SHOWN IN THE CHART, ONCE THE PRICE REACH THE TAKE PROFIT THE PRICE WILL COME DOWN AND IT MIGHT GO MORE THAN MY TAKE PROFIT. THE BANKS WILL DO THAT BECAUSE IF THE BANKS NEED TO PUSH THE MARKET DOWN THEY FIRST NEED TO BUY, THEN THEY SELL IT. ONE MORE THING WHICH I'M SEEING IS THAT DOUBLE BOTTOM WAS ALREADY FORMED WHICH COULD BE INDICATION THAT BANKS HAVE ALREADY ENTERED, AND THERE IS TOO MUCH LIQUIDITY AT THAT ZONE, BUT ANYWAY IT IS TOO LONG EXPLANTION. THIS TRADE SHOULD NOT BE TOO RISKY.
NOTE: I'M NOT A FINANCIAL ADVISER, MANAGE OUR OWN RISK. INVEST WHAT YOU COULD AFFORD TO LOOSE.
HOPE YOU WILL LIKE MY IDEA. THANK YOU.
NOTE: I'M NOT A FINANCIAL ADVISER, MANAGE OUR OWN RISK. INVEST WHAT YOU COULD AFFORD TO LOOSE.
HOPE YOU WILL LIKE MY IDEA. THANK YOU.