This might have looked like a sell-off in the past hours, but we are still moving in our range and therefore we don't have a signal to either long or short now.
If we close below 9700 USD today, this whole situation will turn bearish in short-term. We will open a short position and eye the next major support zone to close our position.
If we are again consolidating above 9800 USD, we have a good chance of bouncing from the major support zone (orange)
and break the triangle to the upside.
Don't let this market fool you. Wait for clear signals!
I will update this idea accordingly.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
If we close below 9700 USD today, this whole situation will turn bearish in short-term. We will open a short position and eye the next major support zone to close our position.
If we are again consolidating above 9800 USD, we have a good chance of bouncing from the major support zone (orange)
and break the triangle to the upside.
Don't let this market fool you. Wait for clear signals!
I will update this idea accordingly.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
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