Good morning all,
Yesterday: Nothing new was visible but the hangover from day before made us meet our short target.
Today: We have a decent pullback of around 23% from the top met on 12th and 18th and can be just the trigger we need for a good south side move. Below 37000, the road to 34000 looks like a highway. On the 'long side' with RSI taking resisting multiple times around the 50-55 mark is potentially good news.
So;
Long side view:
Buy above 38075
Target 1 - 38220
TSL above this
Target 2 - 38370
Target 3 - 38585
(Long SL - 37940)
---------------
Short side view:
Sell below 37440
Target 1 - 37265
TSL below this
Target 2 zone 37050 - 37000
(Short SL - 37600)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Yesterday: Nothing new was visible but the hangover from day before made us meet our short target.
Today: We have a decent pullback of around 23% from the top met on 12th and 18th and can be just the trigger we need for a good south side move. Below 37000, the road to 34000 looks like a highway. On the 'long side' with RSI taking resisting multiple times around the 50-55 mark is potentially good news.
So;
Long side view:
Buy above 38075
Target 1 - 38220
TSL above this
Target 2 - 38370
Target 3 - 38585
(Long SL - 37940)
---------------
Short side view:
Sell below 37440
Target 1 - 37265
TSL below this
Target 2 zone 37050 - 37000
(Short SL - 37600)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Trade closed: target reached:
Short Target 1 achieved
