Four-hour timeframe
An overextended bullish run. In the middle of nowhere, could this be the end? I do not know price can extend even further, we do not dictate where it should turn around.
Fifteen-minute timeframe
Price retraced deep and extended about -61.8, just as with the 4-hour timeframe this extension can reach higher than -61.8 I do not dictate the turnaround point. It is critical for us to know that order flow is bullish and short sells should be just that, short sells with half the risk.
Five-minute timeframe
We saw a change of character but the supply got took out, just a testament to the strength of the bulls in this market. Should I see a short set up above 2315.278 in the London opening hour I will definitely take it but to confidently sell the 15-minute pullback I would need to see 2315.278 lows broken.
Final Thoughts
Sit on your hands – wait for you set up and execute without prejudice when it presents itself. I am of the believe that this Bull Run can extend as high as 2364.249 if it continue.
HIGH IMPACT NEWS EVENTS FOR THE TRADING WEEK so watch your calendar.
An overextended bullish run. In the middle of nowhere, could this be the end? I do not know price can extend even further, we do not dictate where it should turn around.
Fifteen-minute timeframe
Price retraced deep and extended about -61.8, just as with the 4-hour timeframe this extension can reach higher than -61.8 I do not dictate the turnaround point. It is critical for us to know that order flow is bullish and short sells should be just that, short sells with half the risk.
Five-minute timeframe
We saw a change of character but the supply got took out, just a testament to the strength of the bulls in this market. Should I see a short set up above 2315.278 in the London opening hour I will definitely take it but to confidently sell the 15-minute pullback I would need to see 2315.278 lows broken.
Final Thoughts
Sit on your hands – wait for you set up and execute without prejudice when it presents itself. I am of the believe that this Bull Run can extend as high as 2364.249 if it continue.
HIGH IMPACT NEWS EVENTS FOR THE TRADING WEEK so watch your calendar.