Last week the highest price was just at $14.35 ... just a shy $0.05 away from our bomb shell.
Anyway it was not triggered and it keeps going down after reaching $14.35
The market was closed at the SR Flip area at $14.00 (see on H4), it was doji and so far no buyers sighted in the market (Asian morning session).
Here are the few scenarios:
(1) Market bounce at SR Flip ($14.00), likely it will find the previous level which is at $14.09
If $14.09 is broken, it means the buyer is back in the market.
(2) The price continues going to South, the last buyer defend was at $13.90 level. This is where we can place our Pending Order (Sell Stop); once it broke, the gravity will help to pull the price going even lower.
(3) Certainly, the last scenario is ranging / sideways; this usually happen towards end of the month or a week before WASDE report release. The price may consolidate prior making a big move.
This week, I will go for scenario #2 where I will place a Pending Sell Stop Order.
Stop Loss is at $14.20
Pending Order (Sell Stop) is at $13.90
Take Profit is at $13.22
RRR: 2.27R
If you are well versed in Price Action, we can take the opportunity to scalp during the week.
Have a good weekend ahead, this week is a short week.
If no clear setup, just avoid it, enjoy your Easter holiday.
Anyway it was not triggered and it keeps going down after reaching $14.35
The market was closed at the SR Flip area at $14.00 (see on H4), it was doji and so far no buyers sighted in the market (Asian morning session).
Here are the few scenarios:
(1) Market bounce at SR Flip ($14.00), likely it will find the previous level which is at $14.09
If $14.09 is broken, it means the buyer is back in the market.
(2) The price continues going to South, the last buyer defend was at $13.90 level. This is where we can place our Pending Order (Sell Stop); once it broke, the gravity will help to pull the price going even lower.
(3) Certainly, the last scenario is ranging / sideways; this usually happen towards end of the month or a week before WASDE report release. The price may consolidate prior making a big move.
This week, I will go for scenario #2 where I will place a Pending Sell Stop Order.
Stop Loss is at $14.20
Pending Order (Sell Stop) is at $13.90
Take Profit is at $13.22
RRR: 2.27R
If you are well versed in Price Action, we can take the opportunity to scalp during the week.
Have a good weekend ahead, this week is a short week.
If no clear setup, just avoid it, enjoy your Easter holiday.
Dagangan aktif
Sell Stop is triggered.Dagangan ditutup: hentian tercapai
Stop out.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.