Price once again dipped lower yesterday,
moving our B yet again. Lets see if this becomes the B we have been waiting
some time for. We have to wait for a retracement to the 618/786 for a short
setup where we will be looking for resistance. Else reversals are on the cards
on a sustained break of 5200.
Will be going long if:
No trade setups, we don’t have any criteria in place.
Will be going short if:
We are waiting for a retracement, no trade setups at
present.
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