Currently we are under pressure and this may go further until somewhere 18.5150-18.5300. The overall pattern (daily chart is easier to see) is a large "W" shape, and we are supported trend line near 18.5100. The neckline of the W is somewhere 18.9350 estimated.
For those playing a larger play, may consider looking at this pattern, either by early entry or on break-out.
Strategy short-term is BUY near 18.5100- and place SL @ 18.4350. Profit @ 18.8575
or SELL near 18.8500-18.8800 and place SL above 18.9450. Profit order @ 18.5975 now.
Medium-term play consider BUYING near 18.5100 and place SL @ 18.3875 and take profit at 19.6550.
For those playing a larger play, may consider looking at this pattern, either by early entry or on break-out.
Strategy short-term is BUY near 18.5100- and place SL @ 18.4350. Profit @ 18.8575
or SELL near 18.8500-18.8800 and place SL above 18.9450. Profit order @ 18.5975 now.
Medium-term play consider BUYING near 18.5100 and place SL @ 18.3875 and take profit at 19.6550.
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.