H4
We are very close to the 38.2 retracement of the move from 2050 to 3170 for a buy position. The sentiment is still a sell towards that level. The Junction of the black and blue circles is the ideal spot for a long position.
H1
The upward motion from 2804 and the break of the down trendline (T1) should not be taken as a ticket to go long yet, since the blue line (T3) is another spot for a short position, and this whole move could be a false break.
The perfect spot for a long position is the T4 trendline, although another spot at 2770 could be another region for a long position. For now the best trade is to sell at T3 with a very tight stoploss.
We are very close to the 38.2 retracement of the move from 2050 to 3170 for a buy position. The sentiment is still a sell towards that level. The Junction of the black and blue circles is the ideal spot for a long position.
H1
The upward motion from 2804 and the break of the down trendline (T1) should not be taken as a ticket to go long yet, since the blue line (T3) is another spot for a short position, and this whole move could be a false break.
The perfect spot for a long position is the T4 trendline, although another spot at 2770 could be another region for a long position. For now the best trade is to sell at T3 with a very tight stoploss.