Hey, traders. Hope you guys having nice day.
Yesterday, we saw great movement on the price but, for us, it was big opportunity to make good trade.
Let's see how it moved and how we could make good trade.
We can see
1. top of the descending channel and bottom of the ascending channel made overlapped resistance. (We could make good trading by this )
2. by the resistance, price had dropped to 20000.00
3. support on 18000.00
4. resistance on 22000.00
5. support on 15000.00
We should check
1. Britain CPI today
2. PPI today
3. Core Retail Sales tomorrow
4. Retail Sales tomorrow
5. Initial Jobless Claims tomorrow
We can expect
1. the price drops to 18000.00 (we can have chance to buy for short)
2. by support on 18000.00, the price goes up toward 22000.00 (this will be second chance to sell)
3. the price will drop to 15000.00 if it breaks support on 18000.00
I believe there will be someone still have sell position on 22000 ~ 22500. Hope you guys have nice trade till close it out.
We will have another chance to make good trade soon and that can be today because of PPI.
Let's see how it works and hope this insight is helpful.
Thanks for reading.
Yesterday, we saw great movement on the price but, for us, it was big opportunity to make good trade.
Let's see how it moved and how we could make good trade.
We can see
1. top of the descending channel and bottom of the ascending channel made overlapped resistance. (We could make good trading by this )
2. by the resistance, price had dropped to 20000.00
3. support on 18000.00
4. resistance on 22000.00
5. support on 15000.00
We should check
1. Britain CPI today
2. PPI today
3. Core Retail Sales tomorrow
4. Retail Sales tomorrow
5. Initial Jobless Claims tomorrow
We can expect
1. the price drops to 18000.00 (we can have chance to buy for short)
2. by support on 18000.00, the price goes up toward 22000.00 (this will be second chance to sell)
3. the price will drop to 15000.00 if it breaks support on 18000.00
I believe there will be someone still have sell position on 22000 ~ 22500. Hope you guys have nice trade till close it out.
We will have another chance to make good trade soon and that can be today because of PPI.
Let's see how it works and hope this insight is helpful.
Thanks for reading.
