Hit the like/ follow button to motivate me to continue; last time we hit 500+ Pips
First scenario: Update on this, I circled the possible price rejection scenario that can lead into a sale.
Second scenario is a buy position from pullback zone near 50% on Fibonacci.
Third scenario would be if prices break resistance and continue to uptrend, keep in mind for a false break which leads to the first scenario.
Why I chose neutral? Because we can get paid Both ways if you trade with the trend and not against it.
Check my correlation map, let me know your thoughts.
First scenario: Update on this, I circled the possible price rejection scenario that can lead into a sale.
Second scenario is a buy position from pullback zone near 50% on Fibonacci.
Third scenario would be if prices break resistance and continue to uptrend, keep in mind for a false break which leads to the first scenario.
Why I chose neutral? Because we can get paid Both ways if you trade with the trend and not against it.
Check my correlation map, let me know your thoughts.
Trade active:
Once resistance was broken I used my confirmations and entered a buy. In my previous ideas, I talk about gold and bitcoin correlate. I trailed my sl. Now monitoring in case of a pullback opportunity for a better entry or price rejection and a sale position.
