Trade idea: Bounce before Drop. The technical configurations favour a drop on the market after an initial bounce to selling levels.
Details: The market is downside oriented today. However, before we expect an acceleration to the downside, the market will shape an intermediate recovery. We advise to play this bearish strategy when the market approaches the initial recovery level at 1513, and as long as the market does not go above 1522. Once we see the selling level at 1513, we then anticipate a direct drop to 1485. Sell close to 1513 to play a drop to 1485. The invalidation level of this trade idea is at 1522.
For more queries drop us a mail at Mcxtipsguru@ymail.com
Details: The market is downside oriented today. However, before we expect an acceleration to the downside, the market will shape an intermediate recovery. We advise to play this bearish strategy when the market approaches the initial recovery level at 1513, and as long as the market does not go above 1522. Once we see the selling level at 1513, we then anticipate a direct drop to 1485. Sell close to 1513 to play a drop to 1485. The invalidation level of this trade idea is at 1522.
SELL GOLD ABV-1513 TG-1485 SL1522
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For more queries drop us a mail at Mcxtipsguru@ymail.com
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