Price found resistance at the BF (terminology explained
in course) and fell down to the 553 level as per yesterday’s analysis.
We went short as per post yesterday and profited 63 pips with limits inside the
786.
We were looking for support at the 553 level and price
bounced off that level. We are currently long (posted on twitter) with stops and limits in place. We
are looking for price to extend from current levels.
Else a break of 517 negates this view and continues the
downtrend.
FOR TODAY: Will be going short if:
No short trade setups at present. We will look for a BF
entry if it presents itself at higher levels. For now there is no short setup.
FOR TODAY: Will be going long if:
We went long after a bullish cs formation down at the 553
level. We are looking for price to extend. Limits are set at 120pips.
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