After decline below 2.39 with test the way further down to 2.20 and 2.02 is open. Due to oversold RSI and RSI Stoch. I will wait for better etrance point to short. Entrance at 2.39 will be best to ride the short. Stay tune, will provide updates on this idea and my scenario.
Comment
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NG is stronger than expected. Look at level 2.50 for reversal to fall. If no reversal this scenario will be canceled.
Comment
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First level reached at 2.2
Order cancelled
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Only reached the first targeted level of 2.2. Price shows strength. New scenario will be considered. This one is not valid any more.
what do you think is the next move after today , do you think will come dovn again to $2 or lower or go up from here and how high can get , what is the best long term period to hold 2-months or less ??? thank you
apmyp33
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@elenaec, here I presented my next trade scenario.
I make trading decision based on 1h-bar chart. I do not trade "long term" 2-months. I suppose fundamental analysis is required to make such decision. I trade only based on technical analysis. The market is very volatile to make good prediction. the situation changes constantly due to war, bank crisis, economic situation, inflation, interest rates.
But, if you ask me to guess. I would say in the next two months the price will be in a range somewhre between 3.0 and 2.0