Price has been consolidating over the last couple days and there is currently a balanced perspective between buyers and sellers
However there was a large responsive tail created by Buyers on Friday and I would like to see this area somewhat revisited as I believe this may be a sign other timeframe buyers.
As a result I am looking for a short trade tomorrow from 2051.50 to 2041.50
I will close half of the trade at 50% (5 points) and the rest at the TP (10 points)
I will then be looking for a buy trade once price reaches 2032 as I believe that Buyers may be trying to seek control to resume the longer term up trend
However please note the buy trade will not be a limit order as there is a potential price could run sell stops under the large wick created
However there was a large responsive tail created by Buyers on Friday and I would like to see this area somewhat revisited as I believe this may be a sign other timeframe buyers.
As a result I am looking for a short trade tomorrow from 2051.50 to 2041.50
I will close half of the trade at 50% (5 points) and the rest at the TP (10 points)
I will then be looking for a buy trade once price reaches 2032 as I believe that Buyers may be trying to seek control to resume the longer term up trend
However please note the buy trade will not be a limit order as there is a potential price could run sell stops under the large wick created
Note
Short Trade Limit Order will be deleted as price has run the idea However we may still see some resistance at 2051
Note
Buy Trade has also been opened in respect to the Idea PostedEntry 2032
Trade closed: stop reached
Buy Trade LoserNote
Sell Limit Re-Entered
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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.
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.