There are no silver bullets
Updated
We all know there are no silver bullets, specially when it comes to trading, but this play looks promising and there are several signs that should raise some red flags.
We entered a bear market since last top around 21 and since then we have been oscilating between lower highs and lower lows. I believe this trend will be kept until US elections and/or rate hike, which I think will be almost simultaneous.
On the technical side, we hit the 0,618 resistance and several indicators are showing a downward momentum. Today's candle (don't remember the name) is clearly signaling a reversal. Unless we make a green candle today, I think next week there will be a fall.
We entered a bear market since last top around 21 and since then we have been oscilating between lower highs and lower lows. I believe this trend will be kept until US elections and/or rate hike, which I think will be almost simultaneous.
On the technical side, we hit the 0,618 resistance and several indicators are showing a downward momentum. Today's candle (don't remember the name) is clearly signaling a reversal. Unless we make a green candle today, I think next week there will be a fall.
Trade active
Great. There was a head and shoulders on the 4h and it just broke. Let's wait to see how it goes with gold.Trade active
I will hedge this short with a small buy.Trade closed manually
We hit the angle of the fan and the Ichi cloud. This was a very good position, time for another one.
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