There is a trendline that seems to be getting respected from end of August. I expect this to continue and will turn last weeks 3 bearish daily candles into bulls this week. Also supporting this thesis is the fact that on the monthly we seem to be getting rejection from a support area that was initial resistance broken in April 2014.
Entry: 3 small positions close of Friday's candle 3012
SL; 2953
TP1: Short Term 3140
TP2: Medium Term 3240
TP3: Long Term 3530
Risk Management is King. . . .
Entry: 3 small positions close of Friday's candle 3012
SL; 2953
TP1: Short Term 3140
TP2: Medium Term 3240
TP3: Long Term 3530
Risk Management is King. . . .
Trade closed: target reached
the 1st TP reached. . .we wait for the otherTrade closed: stop reached
We got stopped out our 2 remaining positions.The bearish momentum is strong
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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.