There is a trendline that seems to be getting respected from end of August. I expect this to continue and will turn last weeks 3 bearish daily candles into bulls this week. Also supporting this thesis is the fact that on the monthly we seem to be getting rejection from a support area that was initial resistance broken in April 2014.
Entry: 3 small positions close of Friday's candle 3012
SL; 2953
TP1: Short Term 3140
TP2: Medium Term 3240
TP3: Long Term 3530
Risk Management is King. . . .
Entry: 3 small positions close of Friday's candle 3012
SL; 2953
TP1: Short Term 3140
TP2: Medium Term 3240
TP3: Long Term 3530
Risk Management is King. . . .
Trade closed: target reached:
the 1st TP reached. . .we wait for the other
Trade closed: stop reached:
We got stopped out our 2 remaining positions.The bearish momentum is strong