63.5-64K for short entry
Morning guys,
In recent updates we've said a lot about overall situation and big picture with daily reverse H&S that is ready to fail, and probably will fail.
Today we could focus on particular trading setup that is based on recent market drop. This is DiNapoli B&B "Sell" trade, a.k.a "Momentum" trade. The background is simple - strong downside momentum on daily chart that should reverse any 1st pullback. Thus, we could use it to sell into.
By looking at 1H chart, it seems that 63.50-64K might be suitable for this purpose. Let's keep watching.
In recent updates we've said a lot about overall situation and big picture with daily reverse H&S that is ready to fail, and probably will fail.
Today we could focus on particular trading setup that is based on recent market drop. This is DiNapoli B&B "Sell" trade, a.k.a "Momentum" trade. The background is simple - strong downside momentum on daily chart that should reverse any 1st pullback. Thus, we could use it to sell into.
By looking at 1H chart, it seems that 63.50-64K might be suitable for this purpose. Let's keep watching.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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