Bearish engulfing (H1). The same logic as in previous trade.
TP1 - near weekly S/R. Will look closely at the price action around this level and decide what to do next.
TP1 - near weekly S/R. Will look closely at the price action around this level and decide what to do next.
Trade closed: stop reached
Comment:
The LTC/USD movement can be considered as prediction regarding BTC/USD forecast. But we're now at significant price level of 50.5 (ltc/usd) with less "fuel" (volume). If we can hold above it, I'll be bullish. If not, then short the corn.
Comment:
Probably, the stop was too low. Should have put it at 8320 (wide-spread bar opening marked by yellow arrow)
