This one i was expecting an reversal , but the way they dropped , its not good sign , they might be going up for short covering , but for sure i am not interested in buy anymore , i will be looking to sell on rise with reversal in sign
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Made low as per our views 494, buying is not Good option , One can look for sell on rise
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it seems its slowing down , look for entire daily candle reversal in case you want to enter for this short range buy , for me NO buy , i will look to sell only on reversal
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Yes slowly it started moving upside as per forecast , it bounced exactly at 494 which was our possible bounce area , now we are not in Long , You know why , we like to trade in the direction of stronger trend i.e down side , so let the price move then with reversal sign near 555/560 we will go short
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Made high as 539.00,
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Made high as per forecast 553.55 , now humble request do not go short until you see 1 Hour bearish Full range candle if you see wick wait for pull back then take short , i received some message asking weather they can go short , please wait for bearish confirmation Thanks
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Hope you Guys have taken best short sell , we are in the trade form today at 550 we are not trailing our stop to brake even , i am still not convinced the drop it has made ,
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Exited on brake even , steel news and Iran deal talk is about to take , All Shanghai and London Metal exchange have booming
Also, Really Appreciate mentioning and asking people to wait for Confirmation Candle.