I got smoked shorting the MNQ today. And it was avoidable.
The MNQ1! and the MES1! were flashing warning signs since the Sunday open to NOT fade the move. I stayed off the sell side for the opening 30 minute candle, but then got sucked in at a level. The entry was a violation of one of the Golden Rules of Range Trading - STAY AWAY from Outside Days!
In this...
Hello Traders ,
Analysing daily chart we can see that price has continued respecting descending channel pattern as per our last analysis , here we can also see that price has also retested bottom line of channel , hence we can assume that price may move higher for now to retest channel top ,
we can also notice that price is supported by horizontal support...
It appears we might be having a big run up if BTC price follows through upwards over the 9500 (red line) area towards 9800 - 9920, thereby creating what appears to be a bull flag.
Another range trading will then be within the flag before it shoots up but if goes down below the 9200 without hitting the 9800 area, I would assume that move invalidates creating a...
We have started week with safe haven gaining strength.. will that continue in week .? currently overall structure in gold is bullish and is still in range trading while trying to move above range... GOLD may continue higher if risk off sentiment remains longer in market... watchout... technical structure is bullish however further retracement towards 1420 zone...
