Morning guys,
Our "222" Sell setup hits the target. Market stands at weekly K-resistance and now we're watching for finalization upward action by butterfly "Sell pattern around 6.9K.
If you want to buy - it would be better to wait downside pullback out from this area.
For bears - it should be relatively safe to go short from this level. At first touch we should get technical response, at least, that should give us chance to move stops to breakeven. Potentially, as we suggest - market could continue downside action in way of butterfly "Buy" pattern on daily chart. Pace probably will be slow, we we keep our 3.3K target still...
Our "222" Sell setup hits the target. Market stands at weekly K-resistance and now we're watching for finalization upward action by butterfly "Sell pattern around 6.9K.
If you want to buy - it would be better to wait downside pullback out from this area.
For bears - it should be relatively safe to go short from this level. At first touch we should get technical response, at least, that should give us chance to move stops to breakeven. Potentially, as we suggest - market could continue downside action in way of butterfly "Buy" pattern on daily chart. Pace probably will be slow, we we keep our 3.3K target still...
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.