Personally I've entered with sells @ 195X (very relaxed about those) and 187X (less relaxed as we may still get a leg up to 188X, in such scenario position is secured with SL BE and will re-enter 188X again). I think, thaT even current level is still relatively attractive for sell positions, so I thought I'll share the idea. Ending diagonal of c of (z) visible on chart is obviously just my reach towards possible scenario. I will be securing all positions @ previous low, leaving them running and slowly lurking to enter with long-term buys. Comments and constructive criticism very welcomed. Wish me luck.
Trade active
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Safe from here. 1765 TP, will run lower 1760, 1740 or around 1700.
Trade active
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Its on. I see 1800 today and 1765 soon after, then 170X possibly.
Trade closed manually
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Closed trade. Took profits. This might be our bottom. Stay safe.
If momentum will pick up, extension to 1700 is likely.
Yuriy_Kuznetsov
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Good analysis! I agree with you.
AlpaChino1
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Totally agree. That's the area I am targeting for my long-term buys as well. 1760-1700. Will be looking PA like a hawk as I think it will be best buying opportunity this year, for gold n silver.
BitonGroup
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very right
your idea is great
look at this setup
what do you think?
AlpaChino1
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@Vicious_1m, That's exactly where I'll be looking for reversal and buys.
Well projected channel, try and do the same with channel trending up, you might be surprised to find the bottom of that channel around your buy zone.
Justa thought.. (wink)
BitonGroup
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@AlpaChino1, woww amazing. we are getting more confluences on this then, thanks for sharing