Price did find resistance just shy of the
618 yesterday; we exited our long
position as per the post, we were waiting for the 618 to get hit before looking
for a short entry. Price continued down and broke the B low giving us a new A
swing high, we are waiting for a B swing low to form. There will be no trade
setups today as per the system since we first have to wait for a B low, then a retracement
back to the 618/786. Shorts from current levels are not considered.
We have reached our monthly target for February.
We have reached our monthly target for February.
Will be going long if:
No long setup at present as confidence is low. We don’t have
any entry criteria for long trades at present, stand aside.
Will be going short if:
Once again we will have to wait for a B low to form, then a
retracement to the 618/786 where we will be looking for short trade setups.
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