We could be headed for another Bullish retracement. We had a bloodbath from 12 November to the yellow zone which is a support zone. There are buyers willing to defend price there. The steep fall naturally means we should have a retracement of some sort and the blue zone is a good candidate zone since its the approximate 50% retracement zone or rather the Kijun area. From there we monitor price but expect a another bearish impulse,this time to slice right through our yellow zone.
Entry: 1 position@ 11 726
SL: 11 450 (below our zone)
TP: 12 394 (slightly below the kijun)
Risk management as usual critical!
Entry: 1 position@ 11 726
SL: 11 450 (below our zone)
TP: 12 394 (slightly below the kijun)
Risk management as usual critical!
Trade closed: stop reached:
Im out. . .
