Looking at the .618 fib level on the daily @ 23570 for long term short for possible inverse head and
Shoulders hourly break of a wedge pattern breaking the the first fib level for a downward push to 26000 is a possibility then a retracement I have been in this trade since 26470 and will continue to hold until the final shoulder of the possible inverse head and...
Long 26120 Executed, SL 26090, target: 26270, watch 26220 retreat to move SL to BE or maybe book some profits.
Next: Short 26270 with 2630x SL target the wave fibo levels of it gets there and price actions show rejections around 26270-26300 zone.
Trade at your own risk! Don’t trade money you cannot afford to lose. Trade safely.
Where price is located it may just keep going down without looking back. My Plan is for price to arrive at the fresh supply area, only then will I trigger a short. There are many ways to look at this, I focus on supply and demand. Price may break that fresh supply, I dont know but i like the risk to reward in that fresh supply area, so Im willing to risk it. At...
Clear inverted head and should on the one hour time. Depending on how fast the drop happens I see it dropping at least another 700 pips consolidate into my Daily trend then head up about 2k pips. After we'll hold and wait to see what happens if it breaks well definitely hold otherwise we'll close and wait for the retest on the major sell after the break of the daily trend.