The long/midterm momentum is still bearish. These days we have reached a strong supportlevel @ 27$ which could be defended twice. And you know: All goods come in threes :-)
Trading below this Level will generate a new shortsignal with a possible TP @ 24$.
On the other hand, a anticyclical trade with a very good Chance/risk-Ratio (3.4) is a longposition with a very thin sl near below the supportzone. I am not a fried of countertrades, i avoid bucking the trend because normally he is my friend :_-)
If you like it -like it!
Trading below this Level will generate a new shortsignal with a possible TP @ 24$.
On the other hand, a anticyclical trade with a very good Chance/risk-Ratio (3.4) is a longposition with a very thin sl near below the supportzone. I am not a fried of countertrades, i avoid bucking the trend because normally he is my friend :_-)
If you like it -like it!
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reached 38,2
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nice
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nxt bo ahead?