Nasty rejection of Daily 200 MA and Easy trade setups.
Updated
Greetings Ya all,
If you have placed a short right below the 200 MA , congratulations on your phenomenal profits.
This was one of the more easily anticipated and sure trades that we might have during upcoming weeks. After spending quite a long time away from the 200MA as it was anticipated, it rejected a price action and returned it to a status quo.
I anticipate that, if we come to on ef the following scenarios:
- We more than likely will pass daily 200MA on the second and the third try.
- The price will surely get rejected from daily 200 SMA
- And we will get violently rejected again by 377 SMA , because we have spent a prolonged time away from this moving average.
Stay safe my people and have a profitable week-end.
Cheers
Archie
If you have placed a short right below the 200 MA , congratulations on your phenomenal profits.
This was one of the more easily anticipated and sure trades that we might have during upcoming weeks. After spending quite a long time away from the 200MA as it was anticipated, it rejected a price action and returned it to a status quo.
I anticipate that, if we come to on ef the following scenarios:
- We more than likely will pass daily 200MA on the second and the third try.
- The price will surely get rejected from daily 200 SMA
- And we will get violently rejected again by 377 SMA , because we have spent a prolonged time away from this moving average.
Stay safe my people and have a profitable week-end.
Cheers
Archie
Trade active
Nice retest and double rejection of 377 EMA on daily. Now we have officially made new daily low so, I suspect that either today or in the upcoming days we will break 7775 level and waterfall even further to the next area. Will update you about next trade strategy, for now, subscribe and let's watch the price action.
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