Price retraced yesterday and we currently
at the level of PS/R. We are still waiting for a retracement to the 618 of this
swing where we will look for a short trade setup. A fall from current levels
will not initiate a short; we need the 618 to get hit. We need to remain below
3318 to maintain downtrend.
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are tweeted.
Will be going long if:
No long setup at present. We don’t have any entry criteria
for long trades at present, stand aside.
Will be going short if:
We need a retracement to the 618/786 where we will be
looking for short trade setups. Only a
break of 3318 negates this view and opens the upside.
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