Took some shorts on this until the golden ratio hit where I waited for the right set up to go long. 1. Bullish Flag 2. Golden ratio hit 3. price action: pin bar candles and major volume at that level 4. fundamentals in line
Handel aktiv
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Handel aktiv
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Price just reached our first target. moving stoploss to break even and adding buy orders at the retracement of the resistance turned support.
Forgot to mention that if the analysis is good, it also looks like a whole lot of stop loss hunting going on on the short positions. Why do I say this? I looked at a lot of sentiment indicators and many retail traders are short.