I have increased my short @ 130.75 awhile ago, and will add further on increases, which are possible. The view is medium-term, and not short-term, so from short term perspective we may have little more upside before correction sets in.
The focus is medium-term, and the level over overbought is high, not extreme for weekly chart and getting to extreme on Monthly chart.
the strategy is unchanged to build up shorts in but using small leverage.
The correction is likely to go towards 125.17 for now.
The focus is medium-term, and the level over overbought is high, not extreme for weekly chart and getting to extreme on Monthly chart.
the strategy is unchanged to build up shorts in but using small leverage.
The correction is likely to go towards 125.17 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.