It looks like the market is at the top of the right shoulder with potential for trend reversal.
In August and recently in September the market tested the resistance line from year 2013. The actual trend is already old and we have not seen any big retracement yet.
Furthermore, BB% indicates a divergence on 20 and 50 timeframe.
The BB are squeezed and big movements is ahead.
In the chart as well my grade setup till end of this year, if the SL holds.
In August and recently in September the market tested the resistance line from year 2013. The actual trend is already old and we have not seen any big retracement yet.
Furthermore, BB% indicates a divergence on 20 and 50 timeframe.
The BB are squeezed and big movements is ahead.
In the chart as well my grade setup till end of this year, if the SL holds.
Trade closed: stop reached:
This did not worked.
Last trade was a fail. However risk management works well. 1% risk per trade.