I'm seeing a down-trending station @ 30M TF.... Will station grip or will this be broken??
Channel ceiling coinciding with Fibo 61.8 and SMA25... decision time now!!
Double obstruction obstructing the price's upward move.... SMA50 and trend ceiling @15M TF
Giving it a challenging time to proceed so far....
My Decision is.... SEND SL to R2 Level, safer ZONE!!
... carry over of yesterday's open SHORT E/U position,
... SL in R2 level held it's ground so far.
Current assesment:
- with 1H TF, price retraced around 50Fibo, bouncing off SMA50, STOCH dips, MACD still below zero level.
- probable retracement only, if rally is unsustained then the trend will continue down south.
. . .it is turning out to be a moderate term play for me today, let's see where this attracts me.
How about sending the commandos for your rescue?? i.e., averaging ?? .... why not?