We could be headed for another Bullish retracement. We had a bloodbath from 12 November to the yellow zone which is a support zone. There are buyers willing to defend price there. The steep fall naturally means we should have a retracement of some sort and the blue zone is a good candidate zone since its the approximate 50% retracement zone or rather the Kijun area. From there we monitor price but expect a another bearish impulse,this time to slice right through our yellow zone.
Entry: 1 position@ 11 726
SL: 11 450 (below our zone)
TP: 12 394 (slightly below the kijun)
Risk management as usual critical!
Entry: 1 position@ 11 726
SL: 11 450 (below our zone)
TP: 12 394 (slightly below the kijun)
Risk management as usual critical!
Trade closed: stop reached
Im out. . .
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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.