After a strong bearish impulse on Wed and Thu that took out 3 days low(red circle), price shows some bullish pressure on Fri. I see this as a pull back and aggressive trader might ride this move to the SZ above. Prudent trader should wait to go SHORT at the SZ which IMO offers a better RR and a higher probability winning trade since this is the origin of the Bearish impulse move that took out the strong support(red circle).
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.