Bloody week huh? It doesn't matter where the market goes because we can make money if the market goes up or down. We just need to be prepared for all scenarios.
For this moment we move in pink downward channel. My previous channel was wrong and we broke it tomorrow. There is also a falling wedge so it can be expected that we break out of it to make some bounce but I would not expect any miracles. We still must go down but I set my stop market orders prepared for stronger bounce.
Things to watch for today: Falling wedge, test of downard channel, 20 1hEMA.
For this moment we move in pink downward channel. My previous channel was wrong and we broke it tomorrow. There is also a falling wedge so it can be expected that we break out of it to make some bounce but I would not expect any miracles. We still must go down but I set my stop market orders prepared for stronger bounce.
Things to watch for today: Falling wedge, test of downard channel, 20 1hEMA.
Trade active:
There is hidden bullish divergence BUT it's bear market and bullish indicators don't work here strongly here. If we bounce from RSI we can think about breaking out of the wedge but if we make lower low, break rsi trend and go under 6530 then I go short to 6400.
Trade active:
as far runs perfectly. I am opening my long.
Trade active:
just closed my long. I got 40 points proft. Maybe we go down the wedge more
Comment:
I go long here
Stop loss below support
Trade active:
Interesting fractal structure
Order cancelled:
Hit my stop loss
Hidden bullish divergence 4h
Falling wedge
Decreasing selling volume.
Bounce expected.
Of course if we break wedge from a downard it must hit our stop loss.