It seems like there is lots of selling at the current area, meaning that once the sellers are done, price can move up.
This is exactly what happened at the 7500 - 7900 levels.
Therefore, you can long here and close at 9200-9300+ safely, if price shows strength.
Thanks for viewing! This is a shorter term idea. Keep in mind I am still bearish longer term. However, there is nothing to suggest there won't be a few moves upwards before the breakdown. Bearish idea can be found in the related idea section.
This is exactly what happened at the 7500 - 7900 levels.
Therefore, you can long here and close at 9200-9300+ safely, if price shows strength.
Thanks for viewing! This is a shorter term idea. Keep in mind I am still bearish longer term. However, there is nothing to suggest there won't be a few moves upwards before the breakdown. Bearish idea can be found in the related idea section.
Trade closed: target reached:
9300 target reached.
Target was very conservative, so I will probably see if I can get 9357.
if not, will get out.
Target was very conservative, so I will probably see if I can get 9357.
if not, will get out.
Comment:
Comment:
I sold my longs and entered short. Will be fine if it goes to 9400+.
Sellers were here, so hopefully this can turn into support and they can drive price higher.