This is a relatively dramatic pattern of a broken channel on the weekly, which boosts additional confidence for further trading to the downside.We took this off 14778 on a Friday eleven days ago and are holding three positions at break even and looking for reentry. Time of entry on the original trade if you you don't remember the post was 6.13. 22:26:13 It has since tested that level, allowing for another entry opportunity.
We are 265 pips into this. For those who are in from that 148 entry if you are holding, I would pull to break even in two hours and wait for another check on this at 3pm prior the close. I am traveling and working on other things so I am not doing regular check ins, but you can look at support resistance on the lower timeframes with the impression that this is going lower Again, we are looking for more down on this into 142 and 141 and so far this week it is behaving. Will check in at 3 pm and then again prior to the close. Cheers!
We are 265 pips into this. For those who are in from that 148 entry if you are holding, I would pull to break even in two hours and wait for another check on this at 3pm prior the close. I am traveling and working on other things so I am not doing regular check ins, but you can look at support resistance on the lower timeframes with the impression that this is going lower Again, we are looking for more down on this into 142 and 141 and so far this week it is behaving. Will check in at 3 pm and then again prior to the close. Cheers!
Trade closed: target reached:
If you are running the sell on this you need to be out... even those who are looking for breaks south.. this reached 14350 yesterday which means it's coming north again. Thanks tons guys. Happy new year!