Morning folks,
Situation is changing slowly here. Recent news of re-filling of big whales ETF registration with the SEC mostly have been ignored, as we do not see any inspiring action here. It means that overall technical picture has not changed too much.
Our major bearish patterns are still in place - daily bearish engulfing, weekly bearish grabber. Markets looks heavy by far and shows inability to break through resistance. This makes us keep our trading plan and consider scenario with downside AB-CD, somewhere to 28-28.5K area. Later we could say this with more precision.
By this reason we do not consider long positions now.
Situation is changing slowly here. Recent news of re-filling of big whales ETF registration with the SEC mostly have been ignored, as we do not see any inspiring action here. It means that overall technical picture has not changed too much.
Our major bearish patterns are still in place - daily bearish engulfing, weekly bearish grabber. Markets looks heavy by far and shows inability to break through resistance. This makes us keep our trading plan and consider scenario with downside AB-CD, somewhere to 28-28.5K area. Later we could say this with more precision.
By this reason we do not consider long positions now.
ForexPeaceArmy BTC analytics :
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/