The stock in my view is overbought at this point and I discuss my reasoning in the video
Video - THe video simply explains two possible trades. One short and only long. Both present tight top loss management initially.
Video concerns the last upward leg on the 5 min TF . Questioning if there is a little more upside
Further upside expected after Capitulation and depleted supply ....... I will use a simplistic method of Wave Analysis as waves are subjective. However, price levels will be used as a countermeasure to offer objectivity in an attempt to keep the right side of the market
The analysis is working out and I discuss why
My short term perspective at present on AUDJPY
The video will discuss where I believe this degree of trend is at ...... and is a follow up from yesterday
With the first H ablove the 450 level price needs to see confidence for further upside and that situation looks likely
Still holding with a tentative TGT for profit take rather than STP circa $25 ..... Stop management working in background as always
3500 Testing from below looking for the short on cofirmation signs
Looking for confidence "Above" the TL3 - The price is undulating through GP1 of TL3 so neutral with a hint of bullishness
Looking for Price to show some significant buying power - The market is still testing and probing for that long . Still waiting
BTCUSD has not yet let go of the 3500 level . Give me a reason to get long , I'm waiting !
Nice steady long ..... will exit on weakness . Work your trades
Holding until weakness materialises . Work the trades !
We worked it long .....but why not milk some the other way briefly ?