Alright, dont hurry now, we are in distribution phane now, so dont fomo, wait a few hours and choose your side carefully, if you lost a trade, its ok, market is here you will do that another day.
Anyway, as you can see we had a beautiful mark up here its about 8800 to 9600 ! almost 1k push up :)
First of all we are in a range for a while market needs to rest, second it was a big one again and it needs a correction(about 30% of it), I changed my rectangle channel 9200 ~ 9600 its a 400 pip channel
These targets are really strong magnets here, so read this post carefully.
We had cross over on ma's, rsi was in convergence mode and also macd was really strong, and volume told us a big trend is coming and it happened last night.
Current place is one of the most dangerous places in last month and as you can see we are on the top ! and we touched 9600 ! the pressure of this resistance could push us down, but how much? how much are we gonna go down ? in my idea this is not gonna more than 300 pip !
So I recommend you to be ready for another long, set your start on 9250 to 9600 and 9800
I have to say short is possible too, so keep your eyes open and if you see a candle below 9150, it will go down to 8800.
Im in long and I dont want to enter trade now, its in range and trade in distribution mode just makes you nervous about your position and it will make you crazy by FOMO !
I will publish another idea for 4h chart soon ... watch it and feel free to leave your comments for me.
If you liked it, please hit the like button, share and write your comments, thanks for reading.
Take care, trade safe