I used to expect long opportunities in this week, but price has been resisted twice by the day trendline, and now it has broken the short-term support which has become horizontal resistance. As yesterday's candle is quite weak, I'd like to look for short intraday trade today. It's better if price could test the horizontal resistance before continuing to drop. It is possible to find signals on lower time frame to enter short during the price's going down or breaking yesterday's low. Target is next support which is also near 50% fib retracement. It is only an intraday trading plan, and the price is still likely to go up in the long run, so be cautious on trading short.
Kommentera:
we may find an entry opporunity as this plan in next Monday or Tuesday
