Main thoughts written in chart.TL;DR I think first we go orange arrow then up to green arrow targets, but watch market conditions closely: we could go red arrow but in the end I think we'll close the week in the green forecast arrow. No crystalball here tho, sorry guys.
Coincidentially, the orange arrow (main forecast) would lead us to the orange snake which is the 50-day EMA; the yellow snake is the 200-day EMA which we've struggled to surpass for 4 days.
This kinda confirms the bearish sentiment I saw yesterday in the 4h charts. I shorted the white overextension zone, but I'm more than ready to give up my stop-loss in case the market decides to go to the green arrow without refuelling. The market is bullish, the indicators aren't... But we're here to adapt to the market, not to "make the market": always set stop-loss orders, guys! but conservative ones, don't be greedy or your stop-loss might get chasen.
Good luck for the week ahead fellow traders!
PS: for dollar users, just multiply € x 1,22 = roughly price in $
Coincidentially, the orange arrow (main forecast) would lead us to the orange snake which is the 50-day EMA; the yellow snake is the 200-day EMA which we've struggled to surpass for 4 days.
This kinda confirms the bearish sentiment I saw yesterday in the 4h charts. I shorted the white overextension zone, but I'm more than ready to give up my stop-loss in case the market decides to go to the green arrow without refuelling. The market is bullish, the indicators aren't... But we're here to adapt to the market, not to "make the market": always set stop-loss orders, guys! but conservative ones, don't be greedy or your stop-loss might get chasen.
Good luck for the week ahead fellow traders!
PS: for dollar users, just multiply € x 1,22 = roughly price in $
Comment:
stop loss triggered, looks like we're heading North. Winter is over?