In light no valid Bulls currently present in the markets on this pair, Shorts on the Dragon opened 141.27(current price as i write). TP1 @ 140.25, TP2 @ 140.07. Stops above 142.10.
Basically this remains valid and would sell to around 138.52-138.40 until Bulls present themselves which should be expected in this area. On the longer term if Bear keep holding sway as it currently is, then 135.11 should not be out of the question.
Crucial/Critical conditions in the markets, and very tricky times for traders so trade wisely. The Pair is in a Bear trend but as was mentioned in a few posts ago - Beware of betrayals in the Bear camp where individual interests may coming into play when Shorts are covered early because they already have massive profits as it stands.
Success!
Basically this remains valid and would sell to around 138.52-138.40 until Bulls present themselves which should be expected in this area. On the longer term if Bear keep holding sway as it currently is, then 135.11 should not be out of the question.
Crucial/Critical conditions in the markets, and very tricky times for traders so trade wisely. The Pair is in a Bear trend but as was mentioned in a few posts ago - Beware of betrayals in the Bear camp where individual interests may coming into play when Shorts are covered early because they already have massive profits as it stands.
Success!
Note
Added shorts @ 141,47.Note
TP1 @ 140.96, TP2 @ 140.58, TP3 @ 139.90 for entries @ 141.47. Sl same as previous.Note
Important update - reduce positions with losses, more updates to followNote
..as Bull momentum coming in gradually, once picture is clear more profits will come, never mind some losses as far is very minimal compared to profits, from time to time small loses are acceptable.
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Related publications
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.