Potential Nice trade - Bearish PennantShort-term plan:
- I reckon it will be ranging for a day or a few days inside the bearish pennant. If the price rejects the bottom pennant line, it's a nice risk-reward ratio to enter a long position targeting the mid resistance and maybe the upper bearish pennant line.
Long-term plan:
- If the price goes up from the bottom pennant and rejects the mid or the upper pennant line, I will enter a large short position targeting the 1700s and 1500s zones long-term.
This week until January 20, 2021, I'm expecting a wild price movement. Keep your guard up and adapt to the market condition to act accordingly.
PS: I'm too busy with my clients, I won't share any updates
