Bearish setup remains active. Best entry for short position this week will be at weekly pivot. Though we are already in (it will be a small drawdown).
As weekly pivot (CPR) opened higher - price is likely to retest weekly pivot (countertrend move) before proceed to weekly classic S1 (Black).
If Cam S4 (orange, weekly floor) is broken price will end at Cam S5 (dashed line).
THIS IS NO FINANCIAL ADVISE.
As weekly pivot (CPR) opened higher - price is likely to retest weekly pivot (countertrend move) before proceed to weekly classic S1 (Black).
If Cam S4 (orange, weekly floor) is broken price will end at Cam S5 (dashed line).
THIS IS NO FINANCIAL ADVISE.
Trade ativo:
Weekly CPR is quite narrow, which means we should see more volatility this week. It is very likely we will reach weekly CAM S 5.
Trade fechado: objetivo atingido:
I took TP at S3. I will reenter at London open again. U have to use your brains too. Price never moves in straight lines.