Trade Idea
The previous days bearish outside candle has led to further selling.
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
The move lower is mixed and volatile, common in corrective sequences.
Expect trading to remain mixed and volatile.
Bias is mildly bearish today but we need to see a break of 1492 to confirm the downward pressure.
We look to Sell at 1508
Stop: 1516
Target 1: 1492
Target 2: 1480
The previous days bearish outside candle has led to further selling.
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
The move lower is mixed and volatile, common in corrective sequences.
Expect trading to remain mixed and volatile.
Bias is mildly bearish today but we need to see a break of 1492 to confirm the downward pressure.
We look to Sell at 1508
Stop: 1516
Target 1: 1492
Target 2: 1480
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