Bears & Bulls can always win, pigs get slaughtered
Hey Yall,
So I am waiting to see if CJ holds 107.650ish or it breaks this area. Currently this area has been support & resistance in the pass so clearly its a breakout area. I back tested all the way to 2008.
The bearish entry is sniper and risky with tight sl (which keeps loss minimum) - also note that this bs is similar to the pullback entry that took place Jan 07 2008 before pushing down.
BS Entry Pt - 108.5
TP1 - 108.35
TP2 - 108.250
TP3 - 108.450
Tp4 - 108.900
SL- 107.680
If prices pushes pass tp4 may have potential M or double top forming at the HIGH....minor structure looks like its engulfing.
Trends, higher highs, lower lows, major support & resistance, price action back testing, chart patterns, emas
If price breaks 107.500 look for sell stops - support levels in major structures 105.250, 104.550, 103.900, 100.300, 94.250 - not saying price is going here just saying these are strong levels of support.
So I am waiting to see if CJ holds 107.650ish or it breaks this area. Currently this area has been support & resistance in the pass so clearly its a breakout area. I back tested all the way to 2008.
The bearish entry is sniper and risky with tight sl (which keeps loss minimum) - also note that this bs is similar to the pullback entry that took place Jan 07 2008 before pushing down.
BS Entry Pt - 108.5
TP1 - 108.35
TP2 - 108.250
TP3 - 108.450
Tp4 - 108.900
SL- 107.680
If prices pushes pass tp4 may have potential M or double top forming at the HIGH....minor structure looks like its engulfing.
Trends, higher highs, lower lows, major support & resistance, price action back testing, chart patterns, emas
If price breaks 107.500 look for sell stops - support levels in major structures 105.250, 104.550, 103.900, 100.300, 94.250 - not saying price is going here just saying these are strong levels of support.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.