Greetings,
So, yesterday we've mentioned strong daily resistance area that includes AB-CD target, Fib level and daily Overbought. Normally, market should react and show at least 3/8 pullback.
It means that current area is not good point for taking long position immediately and bulls should wait a bit.
Taking short position in current circumstances is a real challenge and could be expensive journey. Still, if you decide - wait for clear pattern on intraday chart and place stop somewhere above daily Fib resistance and overbought level.
Right now we see only "222" Sell on 30-min chart. As a target you could use our 4340-4440 strong intraday support area.
But, most interesting thing is a durability of this rally. Whether this is new bulltrend or occasional action that we saw previously many times. Time should answer on this question within 1-2 weeks probably.
So, yesterday we've mentioned strong daily resistance area that includes AB-CD target, Fib level and daily Overbought. Normally, market should react and show at least 3/8 pullback.
It means that current area is not good point for taking long position immediately and bulls should wait a bit.
Taking short position in current circumstances is a real challenge and could be expensive journey. Still, if you decide - wait for clear pattern on intraday chart and place stop somewhere above daily Fib resistance and overbought level.
Right now we see only "222" Sell on 30-min chart. As a target you could use our 4340-4440 strong intraday support area.
But, most interesting thing is a durability of this rally. Whether this is new bulltrend or occasional action that we saw previously many times. Time should answer on this question within 1-2 weeks probably.
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.