Trend Continuation vs. H&S
The longterm uptrend is still in dominant.
At present we have reached an interesting trading Point:
After kissing the longterm trendline, Vale could break it`s midterm downtrend. So the bullish mood can be continued if the level 9,25 could be overcomed. Above that level a test of the high at 12 could be aimed.
If this level could not be overcomed, i se the danger of forming a H&S
1. Idea Long:
2. Idea short: anticyclical shortscalp
3. Procyclical short with stoppsell
Wach the RSI..he is sgnalizing an overbought situation
Nota
the first idea was the wright one Nota
Nota
i think the test of the resist will be sold first...watch the rsi! Nota
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