If you saw any of my last few ideas we managed to secure profits prior to a heavy dump off from the 8:30 news his morning. Price has broken or our support level and is currently playing underneath the zone. However price seems to have (for the meantime) rejected our next area of support at the 12000 level. Now we are STILL in a bearish market right now so i would not be surprised if we don't have an extended push to the upside however if we do i believe there are TPS that can met at our areas of resistance climbing back up. Lets not forget we have more HEAVY news dropping tomorrow but if this plays out we should see slight profits going from London session into NY before a reversal. Always trail profits!
These are just my thoughts. Always take with a grain of salt and use proper risk management.
These are just my thoughts. Always take with a grain of salt and use proper risk management.
Trade active:
So far....so good. we obtained a break and retest of our falling wedge.
Trade closed: stop reached:
Broke even on this one. Price went below our stop loss but now is setting up on our 4H for a opportunity for the move i initially was looking for. Should have waited for a better set up off a higher TF. Lesson learned.
Comment:
If we can get a break a proper close on our 4H candle with a retest of the 11900 level, we may have a nice bull push. Will update on different idea or on this one.
