Yesterday it tested $1895-1890 area, rejecting both times, creating almost double bottom. Price dropped massively over the past few days, however rejection tells us that its likely not to drop any further but to reverse. If it were to drop again, my SL is at 1885 because it has potential to retest the bearish patterns, if it does it will continue to massively drop past 1880 or it will have a massive reversal. Likely to see a bullish pattern over the next week or so. Who knows what the Ukraine situation will do to the price.
Kommentera:
Came so close to TP1!
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Currently sat in profit, even after large drop. Likely to see it drop further and retest to 1895-1892 area.
Kommentera:
TP1 SMASHED!
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Was correct about the Retest
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Hit SL on this unfortunately, although first TP helped reduce losses.