Price tested the area of interest and
bounced, we entered long and that position is still open. We don’t look to add
to that position as yet as price has not produced an additional entry. We are
still looking for price to rally up towards the 3150 area over coming sessions.
Only a fall and a break of the 2960 area negates this view and continues the downtrend.
Will be going long if:
We are not looking to add to our current long position as yet;
we don’t have the criteria in place. Although I expect price to rally towards
3150 over coming sessions, I have set my limit at 3114 – 100 pips.
Will be going short if:
Shorts will be considered on a test of yesterday’s highs
followed by a clear bearish cs formation.
No comments:
Post a Comment