Trade still intact and doing nicely to the downside.
The 1200 area is a level of great support, with 1170 having been my longer term major support and preferred exit area, then we should see a reversal to the upside.
Looking at this chart this target area would now look more likely to be within the 1186-1185 area.
I have moved all my stops to the 1230, and my daily target should it do any spikes today would be in the area of 1189 and i will set that as a today's possibility target.
We could see today if to the downside at the bottom short term channel area at 2008 - 2004.
This chart and my comments are my views. Given PM volatility always remember to have a stop loss in place.
Trade closed manually
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Closed short off and taken profits
Comments
dewpoint
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Closed short off and taken profits, might see an upward move, better being on the sidelines.
dewpoint
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Thanks, just my take on things. Personally i won't be opening any additional shorts right now, i'lI wait until a possible pull back to the 1222-1223 area.
grandroid828
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oh wow great chart. so this is still a good short opportunity even as low as it is?