Week 46: 09 to 13 November 2021
Market was pushing the price higher and made a new Higher High last week.
The Head and Shoulder formation was not happening, on Friday the momentum was slower and today not much happening too in Asian session.
Overall trend is still , but don't jump to the band wagon now; we better wait at a retest level to long.
My personal trade call for this week:
Buy Limit at $1,084
Stop Loss at $1,061
Take Profit at $1,130
RR = 1.92R
As there is no reference on the Take Profit, we do not know how it will be.
My advise, watch for the Price Action in H1 and H4; they will give you an early warning whether to close manually or let it ride.
If I happen to watch it, I will update it here on comment section.
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
But if we see today, the thrust is great and no sign of slowing down yet.
Back to your question:
At what level I will short?
(1) Conservatively, $1,084 is the safest level to confirm whether the bullish trend is ended.
(2) For a speculative trade, I will only short when I see the Seller is back in the market with a big volume.
For now let it fly, I missed my trade this week.
If you are asking how high this will fly? I can't tell, there is no reference for me to gauge.
Thank you for clarifying the 10.84 point as a switch confirm.