Morning folks,
Market moves very slowly these days, and barely make the single trade on intraday charts per week. As you can see our recent trading plan is done accurately. Now is the question what to do next.
In two words speaking - currently I'm not fascinating about any long position as bearish tendency on 4H chart is still intact. I would consider long trades only if market breaks 9.5K top and strong Fib resistance (where we've taken our short trade by the way).
That's why now, it seems that another leg down could be formed in a way of AB=CD pattern with 9K target.
Market moves very slowly these days, and barely make the single trade on intraday charts per week. As you can see our recent trading plan is done accurately. Now is the question what to do next.
In two words speaking - currently I'm not fascinating about any long position as bearish tendency on 4H chart is still intact. I would consider long trades only if market breaks 9.5K top and strong Fib resistance (where we've taken our short trade by the way).
That's why now, it seems that another leg down could be formed in a way of AB=CD pattern with 9K target.
ForexPeaceArmy BTC analytics :
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/