This one i was expecting an reversal , but the way they dropped , its not good sign , they might be going up for short covering , but for sure i am not interested in buy anymore , i will be looking to sell on rise with reversal in sign
Kommentera:
Made low as per our views 494, buying is not Good option , One can look for sell on rise
Handel aktiv:
it seems its slowing down , look for entire daily candle reversal in case you want to enter for this short range buy , for me NO buy , i will look to sell only on reversal
Kommentera:
Yes slowly it started moving upside as per forecast , it bounced exactly at 494 which was our possible bounce area , now we are not in Long , You know why , we like to trade in the direction of stronger trend i.e down side , so let the price move then with reversal sign near 555/560 we will go short
Kommentera:
Made high as 539.00,
Kommentera:
Made high as per forecast 553.55 , now humble request do not go short until you see 1 Hour bearish Full range candle if you see wick wait for pull back then take short , i received some message asking weather they can go short , please wait for bearish confirmation
Thanks
Thanks
Kommentera:
Hope you Guys have taken best short sell , we are in the trade form today at 550 we are not trailing our stop to brake even , i am still not convinced the drop it has made ,
Kommentera:
Exited on brake even , steel news and Iran deal talk is about to take , All Shanghai and London Metal exchange have booming