Bears & Bulls can always win, pigs get slaughtered
Hey Yall,
So I am waiting to see if CJ holds 107.650ish or it breaks this area. Currently this area has been support & resistance in the pass so clearly its a breakout area. I back tested all the way to 2008.
The bearish entry is sniper and risky with tight sl (which keeps loss minimum) - also note that this bs is similar to the pullback entry that took place Jan 07 2008 before pushing down.
BS Entry Pt - 108.5
TP1 - 108.35
TP2 - 108.250
TP3 - 108.450
Tp4 - 108.900
SL- 107.680
If prices pushes pass tp4 may have potential M or double top forming at the HIGH....minor structure looks like its engulfing.
Trends, higher highs, lower lows, major support & resistance, price action back testing, chart patterns, emas
If price breaks 107.500 look for sell stops - support levels in major structures 105.250, 104.550, 103.900, 100.300, 94.250 - not saying price is going here just saying these are strong levels of support.
So I am waiting to see if CJ holds 107.650ish or it breaks this area. Currently this area has been support & resistance in the pass so clearly its a breakout area. I back tested all the way to 2008.
The bearish entry is sniper and risky with tight sl (which keeps loss minimum) - also note that this bs is similar to the pullback entry that took place Jan 07 2008 before pushing down.
BS Entry Pt - 108.5
TP1 - 108.35
TP2 - 108.250
TP3 - 108.450
Tp4 - 108.900
SL- 107.680
If prices pushes pass tp4 may have potential M or double top forming at the HIGH....minor structure looks like its engulfing.
Trends, higher highs, lower lows, major support & resistance, price action back testing, chart patterns, emas
If price breaks 107.500 look for sell stops - support levels in major structures 105.250, 104.550, 103.900, 100.300, 94.250 - not saying price is going here just saying these are strong levels of support.
Penafian
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