Too early to tell at this stage, yet a neat set-up when viewed on the Daily chart .
I opened a short trade under yesterday’s low – A bear engulfing candle if we hold these levels into the day close. My first target would be the 38,2% 131.85 area which happens to be at the neckline if this were to be a Bona fide double top.
Latest posts by Horatio Dubsly (see all)
- Silver – This weeks shining star, as predicted by ForexFlow - July 19, 2019
- 新年快乐 财源滚滚 大吉大利 A Happy wealthy healthy New Year to all our Chinese friends - February 4, 2019
- Gold and Silver – Glittering prizes? - January 28, 2019