Today I told you about the weekly and the fib golden pocket that we had at around 61.5k and told you that it was an important level.
Well we touched the level, then dumped 7% in a couple of hours
I mean at this point all you have to do is trade the reaction off the levels I give you.
On a more serious note, we bounced off the daily at 57.5k (front run it by a couple of dollars) which was on my chart in my previous ideas, and recovered 4.5% in a couple of minutes
Now, we have a range in my opinion, with 2 well defined levels :
Weekly is still resistance at 61.5k
To the downside, if we lose 58k again, I would like to see our targets of 54.5-55k, and possibly 51-52k
Let's just wait and see which way the range breaks.
No trades to be had in the middle of the range of course, if you missed the short at 61.9k or the long at 57.6k don't worry about it and focus on your next trade.
You know the levels, you just have to be patient
I will update you when needed as always
Any questions?
Good luck traders
Remember not to break your rules
Habib
Well we touched the level, then dumped 7% in a couple of hours
I mean at this point all you have to do is trade the reaction off the levels I give you.
On a more serious note, we bounced off the daily at 57.5k (front run it by a couple of dollars) which was on my chart in my previous ideas, and recovered 4.5% in a couple of minutes
Now, we have a range in my opinion, with 2 well defined levels :
Weekly is still resistance at 61.5k
To the downside, if we lose 58k again, I would like to see our targets of 54.5-55k, and possibly 51-52k
Let's just wait and see which way the range breaks.
No trades to be had in the middle of the range of course, if you missed the short at 61.9k or the long at 57.6k don't worry about it and focus on your next trade.
You know the levels, you just have to be patient
I will update you when needed as always
Any questions?
Good luck traders
Remember not to break your rules
Habib
