Good morning folks,
Market behaves quiet and just few things that we could add to previous view. In general, while price stands above 10.5K - it keeps our butterfly valid, as well as short-term bullish context. Thus, if you have taken longs already last week - now you could move stops to breakeven. If you did not - you could consider downside AB=CD inside the butterfly. In this case we also will get "222" Buy" and better entry price inside the pattern.
Butterfly itself takes more common shape... This scenario under "if" sign, because I'm not sure that it definitely happens. All other things remains the same. Upside target is 12.5K... Invalidation point - 10.5K lows.
Market behaves quiet and just few things that we could add to previous view. In general, while price stands above 10.5K - it keeps our butterfly valid, as well as short-term bullish context. Thus, if you have taken longs already last week - now you could move stops to breakeven. If you did not - you could consider downside AB=CD inside the butterfly. In this case we also will get "222" Buy" and better entry price inside the pattern.
Butterfly itself takes more common shape... This scenario under "if" sign, because I'm not sure that it definitely happens. All other things remains the same. Upside target is 12.5K... Invalidation point - 10.5K lows.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.