The short-term SELL suggestion worked very well, and the profit was taken @ 121.41 (instead of 121.17 order).
This means the short-term seems corrected a bit, and now we place focus on weekly chart for a medium-term objective.
The strategy is still same, we SELL in rally, and build slowly the position. That is why for now, weekly charts is overbought, but corrected a bit due to the short-term correction.
Strategy is SELL @ 122.60-122.80 (small leverage) and add further @ 123.30 and @ 124.30 when seen.
Profit order overall is 119.20 for now.
This means the short-term seems corrected a bit, and now we place focus on weekly chart for a medium-term objective.
The strategy is still same, we SELL in rally, and build slowly the position. That is why for now, weekly charts is overbought, but corrected a bit due to the short-term correction.
Strategy is SELL @ 122.60-122.80 (small leverage) and add further @ 123.30 and @ 124.30 when seen.
Profit order overall is 119.20 for now.
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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.