Close to a bottom now on the Hourly

8400-8520 is looking likely to be the floor after the slow grind down, now expecting an increase in price over the weekend and into Monday targeting 9000-9200 area before turning around again to test 8000

Komentarz:

Could top out $9600 but that move would be from fomo and exhaustive. Price moves would spike up and back down rapidly if it got that high imo.

Zlecenie aktywne:

Ive now entered trade after what seems to be double bottom W on the hourly chart Friday. So my trade is Long Entry 8475, SL 8375, TP 9000 but look to take some profits 8800 and increase SL accordingly.

Komentarz:

Ive identified a falling wedge pattern on the 15 minute chart which is bullish and gives me a tighter Stop Loss, SL is now 8440 (-35 max loss). As I write this its just breaking through the top so all good.