A possible longterm longsignal is possible.
Should u now fix the actual Level or wait for the breakout?
If you are a cyclical Investor, you wait until the breakout appears: stoppbuy >110$ --> SL ~98$ (last low) TP 130$
If you want to trade against the trend, open a shortposition at the actual Level, SL a bit above the last significant high at ~ 11$5 TP 98$
Should u now fix the actual Level or wait for the breakout?
If you are a cyclical Investor, you wait until the breakout appears: stoppbuy >110$ --> SL ~98$ (last low) TP 130$
If you want to trade against the trend, open a shortposition at the actual Level, SL a bit above the last significant high at ~ 11$5 TP 98$
Comment:
shorting it was the right decision...
Comment:
reached short tp
Comment:
Trade closed: target reached
