Hello everyone, especially those still hungry after Xmas rich meals!
I have recognized very attractive opportunity for trading during coming days, I expect bounce after retest of support (blue line).
This is well known market structure where We experienced further declining in downtrend however things will not happen that fast. There is huge chance for bearish pennant or flag structure in progress so We could grab some steering wheel and wait for signals coming out from this pattern. Buying retested support is very good idea, in case of breakdown there should be short position to ~3300 considered. Remember that flexible position orientation is a key to earn on day trade movements.
I have recognized very attractive opportunity for trading during coming days, I expect bounce after retest of support (blue line).
This is well known market structure where We experienced further declining in downtrend however things will not happen that fast. There is huge chance for bearish pennant or flag structure in progress so We could grab some steering wheel and wait for signals coming out from this pattern. Buying retested support is very good idea, in case of breakdown there should be short position to ~3300 considered. Remember that flexible position orientation is a key to earn on day trade movements.
Comment:
4hr candlestick closing below support sends good signal to open short position with TP between 3270-3370 USD. This leads to chances for a bear pennant being increased. I am going to let the 0.5 fibo get triggered and once the opportunity appears I will setup sell zone individually.
