Likely Pullback Today
Updated
Wait for confirmation of pullback
1. Enlarge short positions @ 56.45 level
2. Pullback likely back to channel line
3. Target TP @ 52.85 level
1. Enlarge short positions @ 56.45 level
2. Pullback likely back to channel line
3. Target TP @ 52.85 level
Trade active
Price level now back within channel line1. Taken some profit for positions shorted @ 56.45 - 57 levels
2. If day resistance of 56 holds, support level likely to be tested next week
3. If 56 doesn't hold today, be prepared to see higher price levels till end of Nov
Trade closed: target reached
Refer to the latest charts for updated trades.
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