Hi Traders,
My analysis for this week is that we will sharply go up during NFP week as the price continues to drive down. If we follow the dow jones theory where the market has discounted everything.. Then my assumption is that we will go to 1760-1769 to continue back down bearish
Please note that we have not been back to the 1800 area for a while where a lot of short-sellers are having a party before their stop loss getting taken.
My plan to enter the trade is when once it breaks at least 1730, we will possibly see move up to 1760. I will prepare for a retest to buy or short at the resistance level.
Please kindly let me know if you have any questions/comments/feedbacks and give a like as well!
My analysis for this week is that we will sharply go up during NFP week as the price continues to drive down. If we follow the dow jones theory where the market has discounted everything.. Then my assumption is that we will go to 1760-1769 to continue back down bearish
Please note that we have not been back to the 1800 area for a while where a lot of short-sellers are having a party before their stop loss getting taken.
My plan to enter the trade is when once it breaks at least 1730, we will possibly see move up to 1760. I will prepare for a retest to buy or short at the resistance level.
Please kindly let me know if you have any questions/comments/feedbacks and give a like as well!
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.