Lots of indecisiveness surrounding ARB. This is one of those moments, as a trader, where you can't rush into a trade. You have to let the market decide and then make a move to go with the flow.
The close on the daily TF today will be key in forecasting what the PA will be tomorrow. If we close below the triangle, below the 55MA and re-test from below it in the next several days, I'll be looking to enter short with a TP @ $1.3 . Otherwise a re-test of the top isn't particularly attractive considering the RRR.
Cheers!
- Symmetrical Triangle...Check
- HL on PA (so far)... Check
- LL RSI... Check!
- Poking of 55MA...Check!
The close on the daily TF today will be key in forecasting what the PA will be tomorrow. If we close below the triangle, below the 55MA and re-test from below it in the next several days, I'll be looking to enter short with a TP @ $1.3 . Otherwise a re-test of the top isn't particularly attractive considering the RRR.
Cheers!
註釋
$1.1-$1.2 being the worst case scenario註釋
I don't even know if Arb will hit my 1.35 target. Market seems ready for the next leg up. We'll see...免責聲明
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免責聲明
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