Hello!
Yesterday we had a beautiful structure and price momentum up.
I personally opened 2 positions, at the end of the day both were in profit.
Before the market close, I decided to close my second entry to avoid a negative position.
Why is that?
So the main reason at the moment is, that we have Coronavirus and half of the world is closed now.
All news about deaths, about the growing number of people who "catch" this virus, about political opinions can affect the markets.
Markets can open with gaps. To avoid that I made a decision to close my second position.
I'm still with my first position and I will go with this position LONG till the chart will give me another structure, pattern which will show me the opposite.
My main key when the market opens will be to see how the price, the chart will react.
I will focus on these 2 movements which I marked on the chart (orange and blue).
I'm not going to explain now them, but I will update you on Monday how I can see the market and what action I will take.
Have a nice weekend guys!
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
Yesterday we had a beautiful structure and price momentum up.
I personally opened 2 positions, at the end of the day both were in profit.
Before the market close, I decided to close my second entry to avoid a negative position.
Why is that?
So the main reason at the moment is, that we have Coronavirus and half of the world is closed now.
All news about deaths, about the growing number of people who "catch" this virus, about political opinions can affect the markets.
Markets can open with gaps. To avoid that I made a decision to close my second position.
I'm still with my first position and I will go with this position LONG till the chart will give me another structure, pattern which will show me the opposite.
My main key when the market opens will be to see how the price, the chart will react.
I will focus on these 2 movements which I marked on the chart (orange and blue).
I'm not going to explain now them, but I will update you on Monday how I can see the market and what action I will take.
Have a nice weekend guys!
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.