Price is holding nicely at the for now. Is this a sign that price could bounce from here and go higher? Let's see. The candles on the bounce are not incredibly strong, but definitely something we have to take a heed of when considering our trade options here.
If we can get a candle close above 3300 on the next 4 hour candle, that would be extremely advantageous as it would show a right at the , and could give leeway for buyers to enter a safe trade with a tight stop loss just under the . A would also ensue by doing this, as you have all the way up to the side-wards resistance line to reward, and only slightly below current levels to lose, so it could be worth a punt.
Bear in mind, if the signal does NOT evolve, it's not logical to enter a long if price breaks above side-wards resistance UNTIL price has retested the resistance as a new support already. Any earlier you risk getting slipped out of a trade.
ALSO BEAR IN MIND, the signal trade is pretty risky. So it's not for everyone. Always use your own strategy whilst trading and use my analysis merely as a framework.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I will continue to update this analysis in real-time if this idea receives sufficient attention :-)
Well done to anyone who headed this advice, you quite literally caught the VERY bottom. As always. :-)
Please leave a LIKE. I'd really appreciate it. :-)
And I was doing fund management hence not being here as I explained. It pays to read before talking.
Listen not to speak, but to learn :-)))))))
There's nothing to learn from someone like you, the worst type of trader out there. This isn't the first time you've done this either. Had to let the following know. Avoid at all costs.
I really hate when somebody is giving his opinions and thoughts for free, and people are only disrespectful and offended, when things are not 100% success rate. Grow up, srsly.
Someone definitely needs to grow up. The question is, who?