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OFPA_FX
Jan 7, 2020 12:04 PM

XPTUSD: Rejection of 2019 HIGH Short

PlatinumOANDA

Description

The start of the year sees a rejection of 2019 HIGH with a D1 Bearish Engulf. Are we seeing a reversal of trend? Doubt so. Only a violation of structure low 20th Dec do I see Bears in control IMO. But there's still some decent pips to be earn going SHORT. I would like to see some reaction to the D1 proximal line to go SHORT to the indicated target level. Do note that this is a counter trend trade. So be prudent in position sizing

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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