Two Forces Competing
Long: Triangle forming on P.A, Fibonacci Retracement support, RR toward Reward if support is sustained, MACD shows an uptrend.
Short: Two Resistance (Triangle and Support green Line from past days), P.A trending down, Keltner Channel on the middle in a trending down environment.
Thinking of Entering Long if: it breaks the resistance at the top
Thinking of Entering Short if it breaks the support (maybe with a last kiss)
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Result (07-08-17)
It was a fake out, P.A crossed both resistance (triangle and green line) to enter again inside the zone.
Luckily I put my buy stop at 88.10 which wasnt triggered, anywhere low it could had triggered just to push down the prices.
This shows how unpredictable P.A can be and its better to be ready to any possible outcome.
It was a fake out, P.A crossed both resistance (triangle and green line) to enter again inside the zone.
Luckily I put my buy stop at 88.10 which wasnt triggered, anywhere low it could had triggered just to push down the prices.
This shows how unpredictable P.A can be and its better to be ready to any possible outcome.