Price seemed to have found resistance at
the 86 of the current swing. We did get a bearish cs formation but it was late
in the Friday session. We are looking for a DA86 trading day today where we are
looking for price to test the highs and give us another bearish cs formation for
a short. If it doesn't and price continues to rally then we look for a
sustained break of 5200 and a reversal.
Will be going long if:
No trade setups, we don’t have any criteria in place.
Will be going short if:
Price tested the 86 and fell a bit, we are looking for a test
followed by another clear bearish cs formation for a short trade. Else stand
aside.
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