The retreat from 1915 area has been one anticipated by traders and financial analysts and price is finally starting to show signs that the pullback is certainly being solidified. Price has formed an important demand level at around 1853.980 - 1844.449 and has further been validated. At the moment of writing, current price action is around these levels and the preferred trade of choice is long positions to initially break 1866.439 and further revisit the highs at 1915.
What would render this trade invalid?
A clear break of the demand zone would lead me to reconsider my long position and further re-evaluate the setup.
What would render this trade invalid?
A clear break of the demand zone would lead me to reconsider my long position and further re-evaluate the setup.
Trade closed: stop reached