No change in view.
The pattern and market condition still the same. we are overbought for the medium-term (coming few weeks that is), but would suggest picking sell levels and not to just jump in. Also I wish to explain, that my personal strategy is scaling in to positions carefully. This does not mean that I can predict highs or lows, but trying to find a good mix of entered transactions to create a profitable one in the end. That does mean negative floats that are manageable. This is in responsive to some comments, whereby some are creating a blaming session towards me. It is always the responsibility of the reader to take positions and manage them. If one cannot manage them, they should have professionals manage it for them in stead. Trading is a difficult profession and not all will be successful.
Anyway, let's focus on where we are right now.
Coming back to the strategy, I see this as follows:
SELL @ 122.60-80 range and SELL again @ 123.50-70 for a move to 119.27. I think we may see even lower then this level.
The pattern and market condition still the same. we are overbought for the medium-term (coming few weeks that is), but would suggest picking sell levels and not to just jump in. Also I wish to explain, that my personal strategy is scaling in to positions carefully. This does not mean that I can predict highs or lows, but trying to find a good mix of entered transactions to create a profitable one in the end. That does mean negative floats that are manageable. This is in responsive to some comments, whereby some are creating a blaming session towards me. It is always the responsibility of the reader to take positions and manage them. If one cannot manage them, they should have professionals manage it for them in stead. Trading is a difficult profession and not all will be successful.
Anyway, let's focus on where we are right now.
Coming back to the strategy, I see this as follows:
SELL @ 122.60-80 range and SELL again @ 123.50-70 for a move to 119.27. I think we may see even lower then this level.
Note
small SELL @ 122.38. will add 123.50-70 when seen.
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.
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.