The H&S target has been hit which usually creates a reasonable bounce plus we've line up to a long term trending support line which is another good factor for a bounce. We're long here up the 0.236 fib line of the previous swing, initially for a 7% long.
This is a higher risk trade so keeping a very tight stop loss is priority no.1
This is a higher risk trade so keeping a very tight stop loss is priority no.1
Trade closed: target reached:
Targets reached. Im currently looking for the next good entry point to go long. If we crash to low 5000 range i have an active idea there for a good entry, if we continue upwards movement without any further crashes ill post my next long entry shortly, a break above 6300 would be great for the bulls here