If we see price heading lower, that will most likely be a run on stops then a move higher. If this is creating a higher low, then we may see price targeting previous support turned resistance. The dollar may be strengthening so we will see in the coming weeks/months.
Good luck to all!
So, GBP/JPY is reacting like expected, wild!
I always keep in mind previous low or highs that can potentially be taken.
The market wants your stop loss!
I often draw Fibonacci on higher timeframes so we can lower down the range for low-risk entry.
Low risk buy on Silver. Seasonal tendency occurred already and we are seeing a retracement in Silver and this is a potential low-risk opportunity to be buying. Also, see $AGQ (Silver ETF) for stock buying if you do not have access to trade commodities directly.
Target will be next bearish supply zone.
Good luck to all and always manage risk!
This stock shows very nice supply and demand pricing. We seem to have hit a daily/weekly demand zone after the gap down.
The % for this stock/potential upside isn't as high as others, but something to diversify your portfolio if you haven't already.