So after taking profit at TP2 and taking advantage of 700 pips I will be watching price action this Monday towards Tuesday to determine when we can sell again.
What are my expectations is to potentially see market opening a bit lower on Monday and then consolidation and pullback up towards the zone I marked and then price rejection confirmation there and then heading for a short position all the way down to the TP3 area.
The whole movement can take about 10 days to complete but once again we have to see the above scenario in order to make it worth selling once more.
You can have a look on the support resistance levels I have marked as we are on a very strong bearish market here.
This is just for educational purposes only.
What are my expectations is to potentially see market opening a bit lower on Monday and then consolidation and pullback up towards the zone I marked and then price rejection confirmation there and then heading for a short position all the way down to the TP3 area.
The whole movement can take about 10 days to complete but once again we have to see the above scenario in order to make it worth selling once more.
You can have a look on the support resistance levels I have marked as we are on a very strong bearish market here.
This is just for educational purposes only.