As previously said, if ever price breaks back above 9200, I will turn bullish and here we are, now I am looking for a small retracement to 9100 area to enter a long trade.
Target potentials are 9600-9700 area or much higher above 10,000. For now the downmove has been negated. I do not know if this upmove is a continuation of a new bull market or just a double topping event, time will tell. But we are definitely going up for the next move.
Target potentials are 9600-9700 area or much higher above 10,000. For now the downmove has been negated. I do not know if this upmove is a continuation of a new bull market or just a double topping event, time will tell. But we are definitely going up for the next move.
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If price does not come to my entry price, I will not chase the market cos the short side would be a better trade. But this upmove has the potential to go above 10,000.
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I am not in the long position and I have decided not to be, because I am waiting for the downmove which is a bigger trade in my opinion. A break below 9000 would make me bearish now.
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Barely breaking, deciding point
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Price is actually turning down, a break above 9200-9300 will make it up.
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The bull run continues
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