After yet another spike like that, im thinking if it keep rising gradually till US open we could well see a pull back to the1920/1910 area
although i did get a short in from 1939.40 will hold it if breaks above 1947 may cut losses will watch PA (was driving at the time of the spike so missed the peak lol
Image attached is from a dummy account but watching closely for a break below the rising consolidation before adding and shorts
P.S I had a monthly Resistance line at 1944
however like Skol says, should be looking to add longs at pull backs rather that quick little shorts in
Note i have buys in from 1761 so my shorts are just scalping till something more deffinet comes in
although i did get a short in from 1939.40 will hold it if breaks above 1947 may cut losses will watch PA (was driving at the time of the spike so missed the peak lol
Image attached is from a dummy account but watching closely for a break below the rising consolidation before adding and shorts
P.S I had a monthly Resistance line at 1944
however like Skol says, should be looking to add longs at pull backs rather that quick little shorts in
Note i have buys in from 1761 so my shorts are just scalping till something more deffinet comes in
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