Hi pros!
The market is showing multiple bearish sign:
-Double top at 6800
-0.5 of the fib is holding
-RSI div
-Stoch crossing
But like always we have to have the exact opposite plan to make money in both side.
There is bullish signs too like a potential inverted h&S
and the neutral sign is the triangle pattern
Considering all of those indicators we got a good bearish feeling but it is more wise to wait for a consistant setup with small risk.
So waiting patiently to positionning for the break of the triangle for a best PE or at the confirmation of DT for a riskier PE
trading plan:
-2-3% Money management
-move SL to break even when risk:reward ratio is 1:1 or 1:2 you choose according to your taste at risk
Have a nice week end!
Cheers!
The market is showing multiple bearish sign:
-Double top at 6800
-0.5 of the fib is holding
-RSI div
-Stoch crossing
But like always we have to have the exact opposite plan to make money in both side.
There is bullish signs too like a potential inverted h&S
and the neutral sign is the triangle pattern
Considering all of those indicators we got a good bearish feeling but it is more wise to wait for a consistant setup with small risk.
So waiting patiently to positionning for the break of the triangle for a best PE or at the confirmation of DT for a riskier PE
trading plan:
-2-3% Money management
-move SL to break even when risk:reward ratio is 1:1 or 1:2 you choose according to your taste at risk
Have a nice week end!
Cheers!
Comment:
Success is walking from chess to failure while remaining motivated. (Winston Churchill)