The trade has been going quite well since my previous analysis and our entry at 25150
I was expecting a good break of the trend line, not the fake-out that happened.
Due to this, I will be moving my stop loss to 26000, I am not liking that rejection on the trend line
two scenarios will happen as indicated in the chart
However, if it goes below 26200 the market structure will change and that invalidates more uptrend so, I will be watching to see it correct to 26800 -26700 and then pull up and break the trend line zone to kick it to 31k.
If you're looking for an entry wait for the correction and if I see a solid entry I will update this idea
Will update you all later.
For more updates follow me and check out my previous ideas
Feel free to comment with your opinions about the idea
If you have any pair you want me to analyze indicate in the comment section
I was expecting a good break of the trend line, not the fake-out that happened.
Due to this, I will be moving my stop loss to 26000, I am not liking that rejection on the trend line
two scenarios will happen as indicated in the chart
However, if it goes below 26200 the market structure will change and that invalidates more uptrend so, I will be watching to see it correct to 26800 -26700 and then pull up and break the trend line zone to kick it to 31k.
If you're looking for an entry wait for the correction and if I see a solid entry I will update this idea
Will update you all later.
For more updates follow me and check out my previous ideas
Feel free to comment with your opinions about the idea
If you have any pair you want me to analyze indicate in the comment section
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