The long/midterm momentum is still bearish. These days we have reached a strong supportlevel @ 27$ which could be defended twice. And you know: All goods come in threes :-)
Trading below this Level will generate a new shortsignal with a possible TP @ 24$.
On the other hand, a anticyclical trade with a very good Chance/risk-Ratio (3.4) is a longposition with a very thin sl near below the supportzone. I am not a fried of countertrades, i avoid bucking the trend because normally he is my friend :_-)
If you like it -like it!
Trading below this Level will generate a new shortsignal with a possible TP @ 24$.
On the other hand, a anticyclical trade with a very good Chance/risk-Ratio (3.4) is a longposition with a very thin sl near below the supportzone. I am not a fried of countertrades, i avoid bucking the trend because normally he is my friend :_-)
If you like it -like it!
Trade active
Note
reached 38,2 Note
Note
nice Note
nxt bo ahead? 
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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.