US30. It didn´t come back...
Hello Community!
On my previous idea I had an expectation of US30 to recover some of the ground lost this year. It broke the 2016 trend line and headed to a channel limits placed over 16,560 value. Tested it several time and now looks like the quote goes down again.
If my interpretation is correct, I´d say, we are somewhere near the end of the A wave. Therefore, I´d wait for a B wave correction and then Short to catch the C wave which should be important.
The quote now is around 16,300. Once again, if the interpretation is correct, we have to go slightly lower, then correct back to 16,400 and that´s where I´d short.
Therefore:
Sell order: 16,400 (only if we climb to 16,400 after current decrease)
SL 16,650
TP1: 16,200
TP2: 16,000
TP3: 15,800
As ever, your feedback and any alternative views on this are highly appreciated!
On my previous idea I had an expectation of US30 to recover some of the ground lost this year. It broke the 2016 trend line and headed to a channel limits placed over 16,560 value. Tested it several time and now looks like the quote goes down again.
If my interpretation is correct, I´d say, we are somewhere near the end of the A wave. Therefore, I´d wait for a B wave correction and then Short to catch the C wave which should be important.
The quote now is around 16,300. Once again, if the interpretation is correct, we have to go slightly lower, then correct back to 16,400 and that´s where I´d short.
Therefore:
Sell order: 16,400 (only if we climb to 16,400 after current decrease)
SL 16,650
TP1: 16,200
TP2: 16,000
TP3: 15,800
As ever, your feedback and any alternative views on this are highly appreciated!
Trade active:
Sell order activated on 16,400
Trade active:
Added a little bit @ 16,500, Trade still active with a nice H&S formed between yesterday and today.
SL still the same: 16,650
SL still the same: 16,650
Trade closed: stop reached:
SL Reached
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
