As expected price went to $ 11.600 and sank to previous resistance at $ 10.800.
" These will be a good point to go long with close stop lost around $ 9.800 " , that was my previous update:
from that moment price hit top line channel and retrace a litle. Update the new entry point for LONG & SHORTS
In the short side the price has not own the top channel line yet, so its possible to see price retrace to $ 9000.
" These will be a good point to go long with close stop lost around $ 9.800 " , that was my previous update:
In the short side the price has not own the top channel line yet, so its possible to see price retrace to $ 9000.
Trade active
If the SHORT ENTRY act as resistance expecting hit SHORT TARGET 1, moving stop loss for short position at $11048.Trade active
SHORT TARGET 1 reachedNote
All the recovery from yesterday was give it back pretty quick (blue box). Important level price for bulls to recover, lets see what they can do. Update the price ENTRIES for new opportunities, the SHORT TARGET 2 is from previous analisis.
Entry for long side risky expecting resistance at 10 k
Note
PREVIOUS short target 2 hit. No Long entry activated, bounce from previous T2 confirming short entry, if the price at T2 is broken expecting to see $ 8950Note
Note
LONG TARGET 1 HIT, expecting little retrace. Big resistance around $10500 Note
Note
ENTRIES TARGETS UPDATENote
From previous screen shot, to opportunities to entry long as described and hit target twice and retreat. Waiting for third one to complete and head to LONG T2Note
Note
LONG TARGET 2 reached, retraceNote
LONG TARGET 2 reached Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.