The bulls have finally come to exhaustion and the bears have taken over as evidenced by the broken trendline and when looking at the weekly chart we have formed a nice pin bar for reversal.
I'm looking for a spike back up to the 147 level and then look for a sell signal around the new trend line. A break above the down trend line means we were just in a corrective state this past week and I will look to go long. PAY ATTENTION TO THE PRICE ACTION. Do enter until you get the signal.
I'm looking for a spike back up to the 147 level and then look for a sell signal around the new trend line. A break above the down trend line means we were just in a corrective state this past week and I will look to go long. PAY ATTENTION TO THE PRICE ACTION. Do enter until you get the signal.
Trade closed manually
Closed in Profit. Almost hit my TP
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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.