Forwarded from DovyFX | PREMIUM
US100 and other indexes are sitting at a very important key level. This zone has been defended multiple times. Will there be rejection? Most likely yes. Is it smart to sell now? No, because the momentum to the upside is very very strong. So the smartest thing to do is to wait for more rejection, potentially reversal patterns before looking for sells.. Or wait of the break above and then continue looking for long positions.
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Lets have an amazing week everyone!
Enjoy rest of your Sunday and tomorrow we are back to business! 📈
Enjoy rest of your Sunday and tomorrow we are back to business! 📈
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I post these daily in my private group.
Free group gets these once a week.
Join here: @dovyfx_live_bot
Free group gets these once a week.
Join here: @dovyfx_live_bot
The arrows are not where the price will go, because the price will move either way anyways. Arrows are the potential entries once the price moves either direction.
Forwarded from DovyFX | PREMIUM
TRADE MANAGMENT PLAN:
As the price is over bought in a bearish market, I do expect price to drop lower, so if the price moves towards our direction I will be willing to hold most of my position towards final target.
As the price approaches second target, I will be looking at the price action before I decide to either moves stops to BE or close partials. On final target I will be full out.
As the price is over bought in a bearish market, I do expect price to drop lower, so if the price moves towards our direction I will be willing to hold most of my position towards final target.
As the price approaches second target, I will be looking at the price action before I decide to either moves stops to BE or close partials. On final target I will be full out.
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