Ok here you will see I have brought this down to 60 minute chart for all of you not wanting to miss an entry or an exit.
You will see here highlighted in grey we were trading up in a wedge and broke low, we now have a downward channel, the break from this will define direction so this way you can have exit and entry points.
If we break the green dotted line on the top end of channel its a buy and we will see ourselves to green target at $9177-$9200
I know everyone is calling bulls but I feel we will break low, this will be the red line and its a sell and first target is the black line at $8200
This formation will guide you to your decision, and make things easier and get rid any doubt you have on entries and exits. Just buy if we break green dotted line or sell if we break red line dotted very simple.
Cash Is King!
You will see here highlighted in grey we were trading up in a wedge and broke low, we now have a downward channel, the break from this will define direction so this way you can have exit and entry points.
If we break the green dotted line on the top end of channel its a buy and we will see ourselves to green target at $9177-$9200
I know everyone is calling bulls but I feel we will break low, this will be the red line and its a sell and first target is the black line at $8200
This formation will guide you to your decision, and make things easier and get rid any doubt you have on entries and exits. Just buy if we break green dotted line or sell if we break red line dotted very simple.
Cash Is King!
評論:
Here we broke low so it was a short, we have a slight bounce off 8350 but still lack strength to go back up by the looks of indicators.
