Waiting for a breakout, & continue heading north for this winter would be the idea, if no breakout, further retracements might occur due to profit taking, but the consensus is definitely being long, at least for long term.
We have been in a tight range for one months.
Following my previous analysis here , we have now broken the lower part of the range .
Accordingly, it is time to take a short position.
Here is my plan:
Trading Plan to Sell:
Entry price: Around 610$
Stop Loss: We exit if the price goes back into the range at 650$.
Take profit: Before the...