I would favor shorting, given the current fundamentals.
So, my first trade is right there on the chart. tight stop.
Possible 12345 formation, currently on wave 2 to be finished at the short entry level.
One thing to consider is that bullish cypher pattern (blue).
That's why I state two possible scenarios.
Excellent risk/reward, still.
Remember we are moving into weekend, so you might want to consider waiting for market reopening on sunday (futures or CFDs).
Good luck!
So, my first trade is right there on the chart. tight stop.
Possible 12345 formation, currently on wave 2 to be finished at the short entry level.
One thing to consider is that bullish cypher pattern (blue).
That's why I state two possible scenarios.
Excellent risk/reward, still.
Remember we are moving into weekend, so you might want to consider waiting for market reopening on sunday (futures or CFDs).
Good luck!
Giao dịch đang hoạt động:
Shorted at 24607, just as first entry.
Same targets.
Will monitor and consider reentering at higher levels.
Good luck.
Same targets.
Will monitor and consider reentering at higher levels.
Good luck.
Giao dịch đang hoạt động:
Reentered at 24775.
Bình luận:
Short squeeze might be ongoing now, low volume. Keep your stop losses on your watch, if low volume continues i'd move my stops further up just to avoid tempting the market.
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Stops at 25010 just to be safe. Let's see how much this short squeeze can go. Still under control.
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Cost averaging at 24924.
Chart, targets, stops, updated.
Chart, targets, stops, updated.
Bình luận:
Looking good.
Tariffs stuff, you know.
Tariffs stuff, you know.
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This is huge, China selling.
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Expect a bounce here, but just have patience.
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Closer look.
Is the flag broken? If so, 24500 incoming.
Is the flag broken? If so, 24500 incoming.
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Zooming out, pinbar on daily.
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Updating this thread.
Nothing too crazy for now. Reaching new overbought spots, overall picture and swing strategy:
Nothing too crazy for now. Reaching new overbought spots, overall picture and swing strategy:
Bình luận:
Shorted 25077.
Bình luận:
We are going for the big price here.
So, keeping it up, pending short at 25264.
Still at overbought situation, heavy, a correction is due.
Rising wedge, brearish.
AB=CD formation completed.
Shorted at 25230.
No pain, no gain.
So, keeping it up, pending short at 25264.
Still at overbought situation, heavy, a correction is due.
Rising wedge, brearish.
AB=CD formation completed.
Shorted at 25230.
No pain, no gain.
Bình luận:
Wedge broken. Turning around.
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Oh well... way too early, poor counting.
Current situation, cost averaging. A total of 6 contracts, 24607, 24781, 24926, 25077, 25171, 25388. The last sell stop wasn't executed by a small price difference so this trade will be the tougher one.
For chart clarification, i'm unifying the trades at a single one on 6 contracts at an average price of 24991. Currently at a loss. My plan is to move my stops to BE as soon as I see a good movement on the positive.
Chart updated.
Have a nice weekend.
Current situation, cost averaging. A total of 6 contracts, 24607, 24781, 24926, 25077, 25171, 25388. The last sell stop wasn't executed by a small price difference so this trade will be the tougher one.
For chart clarification, i'm unifying the trades at a single one on 6 contracts at an average price of 24991. Currently at a loss. My plan is to move my stops to BE as soon as I see a good movement on the positive.
Chart updated.
Have a nice weekend.
Bình luận:
Hopefully, if this was a breakout from the past triangle, it is quite probable that price could get to retest that broken trend line (50% correction). Meaning there's good chances to close this whole trade at a good profit, or, in case I see good dynamics developing, i'll let it run until the final target.
Cheers
Cheers
Bình luận:
Quick update, tough trade as stated before. Still alive tho.
Chart updated with analysis and counting.
Chart updated with analysis and counting.
Bình luận:
Some things pointing towards a correction is coming.
Massive pro gap.
Bearish gartley
Triple combo wave, second X completed.
25000-24700 levels highly probable.
Massive pro gap.
Bearish gartley
Triple combo wave, second X completed.
25000-24700 levels highly probable.
Bình luận:
Pro gap signal working fine so far.
