As mentioned in my previous post, if the price broke below then the trade would be closed. As we know it is a Bull Trend, we will look for longs at the next strong support. Why not short it? I won't because the trend is our friend. I'll be patient as there is a big upside coming.
Feel free to drop me your comments and your ideas if you agree or disagree. Give me a like for support. Thanks.
Feel free to drop me your comments and your ideas if you agree or disagree. Give me a like for support. Thanks.
Note
Not going to enter the trade yet, as price may just be testing the previous high. Lets see if it breaks the previous high before deciding to enter.Note
The price hasn't broken above 1562, hence I will still stay out of the trade because the market is still indecisive.
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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.