A doji day on the market. Both short and long opportunities were available. I personally took advantage of the short only. An objective setup was offered by the market. The long was too aggressive with overbought condition flashing on multiple timeframes.
The price is channeling up. Watch the edges of the channel. There is no doubt the buyers are getting too aggressive and complacent. It seems the new all time high is only dream they have. But I don’t want that bias to influence my trading decision. I only look at the price action from objective point of view.
The market closed at an inflection point. Tomorrow is end of week and OPEX. Anything may happen.
9/19/2019
The price is channeling up. Watch the edges of the channel. There is no doubt the buyers are getting too aggressive and complacent. It seems the new all time high is only dream they have. But I don’t want that bias to influence my trading decision. I only look at the price action from objective point of view.
The market closed at an inflection point. Tomorrow is end of week and OPEX. Anything may happen.
9/19/2019
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