About meCanadian based trader, currently approaching 6 years experience. Looking to educate and give insight to those looking to learn. Send me a PM with a question regarding trading and i will surely try to answer it as best as possible. Thanks!
Previous post we went 500 pips profit before reversing and making a lower high. We have been brought down to the same region and the buy OFV is being depleted. I see it being very likely that we break downwards from here. If we dont, we may have 1 more pull back worth 200-400 pips before getting into the high 800's
Depending on market open, we could see a gap to the upside to help gain a better entry. Im confident with recent price action for us to continue lower, as well as global macroeconomics to keep pulling us down. Wether we fall from hereat 1500 or peak at 1560 is not clear, but with that being said, if you scale in you short positions every 200 pips, you can increase...
Great entry here for a sell as we have moved up to the peak of our resistance zone, poked through, came back down and are just finishing with a pull back to the highs. Stops should be considered 30 pips higher than recent high and we will look to TP at 1.98 for a 400 pip short