Morning folks,
So, our former trading plan is done. Retracement was a bit smaller compares to "perfect" setup, but overall shape is the same. Now market shows few features that lets us think that right arm bottom stands in place.
Thus, you have to make a choice for position taking. While our H&S is valid and price stands above 9100-9150, price keeps chances on 9900 target. Drop below 9.1 put this scenario under question.
Before upward continuation minor retracement to 9350 could happen, but I'm not bet on this with 100%. Whether wait for it and 222 Buy or not - this choice is up to you.
So, our former trading plan is done. Retracement was a bit smaller compares to "perfect" setup, but overall shape is the same. Now market shows few features that lets us think that right arm bottom stands in place.
Thus, you have to make a choice for position taking. While our H&S is valid and price stands above 9100-9150, price keeps chances on 9900 target. Drop below 9.1 put this scenario under question.
Before upward continuation minor retracement to 9350 could happen, but I'm not bet on this with 100%. Whether wait for it and 222 Buy or not - this choice is up to you.
Bình luận:
Market behaves different a bit, but vital area is the same - 9-9.15. While BTC stands above it - bullish context is valid. Otherwise price could proceed to our next downside target @ 4H chart - 8145
ForexPeaceArmy BTC analytics :
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/