There hasn’t been a weekly close below $400 since last November. After big run up three sell out attacks occurred at this level but the price always managed to bounce up. Pay attention during these days…
Sell: 472 or below today’s low Stop-loss: 505 Take Profit: 450; 430; 420
Buy: 505 Stop-loss: 480 Take Profit: 520; 530; 545
A brief look at the choppiness indicator: Yes, we are almost there, but let’s not to jinx it this time! Will the price shoot up or down? It doesn’t matter when you are a trader exploiting this volatility.
Buy: 516 Stop-loss: 495 Take Profit: 545; 555
Sell: 480 SL: 495 TP: 470; 460
Some descent volatility is back, let’s hope it’s not only a one week shot into the dark . One simply must prefer selling when below 550.
Sell: 485 SL: 530 TP: 440; 420
Buy: 525 Stop-loss:496 Take Profit: 545; 575
Buy: 591 Stop-loss: 578 Profit Take: 605; 610; 620
Sell: 578 SL:591 TP: 565; 555; 540
So some minor push down happened finally last week and it seems traders prefer selling right now. Though it should be slowly moving.
What I can see at the chart is descenting channel from the start of this month so I would change my usual trading strategy and wait for a push up to some 610-620 and then sell. It offers less risk than selling below the current level and hoping for a major sell out. But in case the correction up won’t realize I’m prepared to go short below $580 (or 588) with SL at 604.
Sell: 610-620 Stop-loss: 635 Take Profit: 580; 565