We are in a short term bullish trend but the medium term is STILL bearish.
I am not sure if we will crash from these levels or will go all the way up to 50 usd levels and crash but the higher it goes up the bearish I will become.
I will be buying from the HUGE green box.
I will NOT open a short - too risky, I will not be margin trading as well.
Considering the unstable global economy, we might have flash crashes which can get us liquidated in seconds.
IF the trade does not play and we bounce above 60 levels, I will be reshaping the whole analysis.
I am not sure if we will crash from these levels or will go all the way up to 50 usd levels and crash but the higher it goes up the bearish I will become.
I will be buying from the HUGE green box.
I will NOT open a short - too risky, I will not be margin trading as well.
Considering the unstable global economy, we might have flash crashes which can get us liquidated in seconds.
IF the trade does not play and we bounce above 60 levels, I will be reshaping the whole analysis.