As mentioned in my previous post, if the price broke below then the trade would be closed. As we know it is a Bull Trend, we will look for longs at the next strong support. Why not short it? I won't because the trend is our friend. I'll be patient as there is a big upside coming.
Feel free to drop me your comments and your ideas if you agree or disagree. Give me a like for support. Thanks.
Feel free to drop me your comments and your ideas if you agree or disagree. Give me a like for support. Thanks.
Comment:
Not going to enter the trade yet, as price may just be testing the previous high. Lets see if it breaks the previous high before deciding to enter.
Comment:
The price hasn't broken above 1562, hence I will still stay out of the trade because the market is still indecisive.