- $630 was strong support which turned into strong resistance
- retraced almost to 78.6 fib, which if also 4h ichimoku cloud upper line which may act as support
- 4h ichimoku looks good (tk above kj, price & chikou above the cloud...)
- good zone to open a long with a tight stop loss
- retraced almost to 78.6 fib, which if also 4h ichimoku cloud upper line which may act as support
- 4h ichimoku looks good (tk above kj, price & chikou above the cloud...)
- good zone to open a long with a tight stop loss
Trade active:
So far so good +2%. New candle will be important to confirm trend.
Comment:
$600 acting as first resistance. This is the first level to break.
Strong bear-bull fight in the current $590-$630 range.
Strong bear-bull fight in the current $590-$630 range.
Comment:
Profit is currently >5% is you bought the middle of the proposed buy zone.
Now be careful, we'll probably have to secure profits.
Now be careful, we'll probably have to secure profits.
Trade closed manually:
Took profit on the first red candle to secure profit!
Let's see if long trend resumes.