The Intermediate & short term trades that I will be making coming week are based on the above technical picture.
Over riding momentum is both negative on 4hr (not shown here) & day time frames.
This means that long trades can only be taken when momentum is positive on the 1hr + 15mins, to tops of the Right shoulder.
Momentum is currently positive on the 1 HR. I can then consider to buy a support pivot or momentum -ve extreme on the 5 / 15 min time frame to daily pivot resistances (short term).
Will attend to coming Monday.
Profitable trading to Everyone.
Summerset
Over riding momentum is both negative on 4hr (not shown here) & day time frames.
This means that long trades can only be taken when momentum is positive on the 1hr + 15mins, to tops of the Right shoulder.
Momentum is currently positive on the 1 HR. I can then consider to buy a support pivot or momentum -ve extreme on the 5 / 15 min time frame to daily pivot resistances (short term).
Will attend to coming Monday.
Profitable trading to Everyone.
Summerset
