Disliked{quote} Possible scenario: Buy Stops hit @ 1235-37 Their SLs hit @ 1230 Too early to expect a bear rally IMHO.. I'll have patience & would like to wait & sit on sidelines..Ignored
STAY HUNGRY STAY FOOLISH
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Disliked{quote} Possible scenario: Buy Stops hit @ 1235-37 Their SLs hit @ 1230 Too early to expect a bear rally IMHO.. I'll have patience & would like to wait & sit on sidelines..Ignored
DislikedFor me, its kinda hard to understand & explain what will happen 2-3 or 5 yrs from now.. So, I focus more on current & next rally.. Right now price is green.. in line with your view.. I'll wait until I see a perfect short entry.. {quote}Ignored
Now the key question is when could these confirmations would come, I believe next 24 hours we might be having them handy with us or even before that, who knows. I see bulls are getting exhausted, but so far bears are not entering, bull exhaustion and bear domination would make the journey a little faster than expected.
Have a blessed week and may all of us make enough green pips.
Cheers,
KAH
DislikedSo here is my detailed take on the move - along with my charts and indications. Considering the 1238 level as a key rejection price, I would go short around 1228 with a SL of 1240 and build positions on my way down. Confirmation as seen in the charts are needed as follows: M30 - there has to be a clean and clear breach and sustenance below 1224.50 H1 - it has to settle down below 1218 H4 - it should take out 1205 with penetration and close below the referred to level of 1205 Now the key question is when could these confirmations would come, I believe...Ignored
DislikedSo here is my detailed take on the move - along with my charts and indications. Considering the 1238 level as a key rejection price, I would go short around 1228 with a SL of 1240 and build positions on my way down. Confirmation as seen in the charts are needed as follows: M30 - there has to be a clean and clear breach and sustenance below 1224.50 H1 - it has to settle down below 1218 H4 - it should take out 1205 with penetration and close below the referred to level of 1205 Now the key question is when could these confirmations would come, I believe...Ignored
DislikedAs expected & stated before.. sideways consolidation continues.. awaiting perfect timing to short..Ignored