On my last idea we shorted 4100 to 3490. Gaining us a 18% gain (non leveraged). I would like to take the time to let you know of my new long setup which follows the ABC correction we currently are having.
Note: Index chart
The C is either going to end at 3445, where we would have our first Long. If that is to fail the stop loss would be set to 3410.
breaking 3410, would mean we would to 3265, where we set another long. Stop Loss for that one would be 3230.
Overall we would not risk a bunch for taking these trades, but we would have a high reward opportunity.
I am aiming for a 4110 USD, price gain.
Setup in short:
Long: 3445
SL: 3410
If it fails
Long: 3265
SL: 3230
TP: 4100
Note: Index chart
The C is either going to end at 3445, where we would have our first Long. If that is to fail the stop loss would be set to 3410.
breaking 3410, would mean we would to 3265, where we set another long. Stop Loss for that one would be 3230.
Overall we would not risk a bunch for taking these trades, but we would have a high reward opportunity.
I am aiming for a 4110 USD, price gain.
Setup in short:
Long: 3445
SL: 3410
If it fails
Long: 3265
SL: 3230
TP: 4100
Comment:
Last Idea:
Comment:
Since we didn't catch that bounce, i think we will have another opportunity at 3605 around the 0.5 fibonacci or the 0,618 fibonacci.
The buy in would be 3605-3560.
Stoploss: 3555.
The buy in would be 3605-3560.
Stoploss: 3555.
Comment:
MACD and RSI is curving up nicely. We just need to break this last resistance before going up. 3900 would be a solid target.