Dear Trader,s
After closing my sell trades and came up with a 4-hour plan and closed when I realised I may not be correct. I went back to the daily chart and this is what I found. The daily chart is already showing some signs of getting to my initial TP on the sell trade that I closed.
Now, if the buyers are really serious about taking over these bearish moves at least to some retracement level, then they should not allow this current zone to break or allow a daily closure below the zone, otherwise, 184x/185x/186x/187x may be knocking at the door. Let's see how the news may impact this market in 45 minutes' time.
Till then, keep watching and waiting and remember my 4-hour bullish confirmation is a closure above 1905
After closing my sell trades and came up with a 4-hour plan and closed when I realised I may not be correct. I went back to the daily chart and this is what I found. The daily chart is already showing some signs of getting to my initial TP on the sell trade that I closed.
Now, if the buyers are really serious about taking over these bearish moves at least to some retracement level, then they should not allow this current zone to break or allow a daily closure below the zone, otherwise, 184x/185x/186x/187x may be knocking at the door. Let's see how the news may impact this market in 45 minutes' time.
Till then, keep watching and waiting and remember my 4-hour bullish confirmation is a closure above 1905
FINSPOT ACADEMY