What to do next? Long or Short?

3 Sep 2019Hello everyone,
AlphaTradeZone Team is here again with a new prediction.
Previous prediction played out for 100%!
Congatulations for all who followed!
For now price sitting below daily resistance.
But have you noticed how much time price was rejected from current level in the past? - 5 times!
What's now? Price in accumulation phase.
And looks like it doesn't want to drop:
1. No big seller here, he failed to defend 10k psych level and now buyers in full control of the market.
2. No rejection
3. Bearish orderblock on 4H TF failed to reject the price which means no interest of big seller again.
So, if Bearish Orderblock is not valid anymore, option with drop (shakeout) to 10.2k less likely then continuation from current price.
We see next global target as $11.2-11.3k where drop should start again.
Local resistance now is at $10.8-10.9k zone.
So, take actions according this plan.
If it will stay in flat - long from current prices.
If price will show weakness - long from lower prices that we mentioned.

3 Sep 2019

Komentar

First Take Profit hit at $10680.
Stop Loss at profit leve ($10548).

3 Sep 2019

Trading ditutup secara manual

Signal closed at $10700.
Don’t like how price stopped here below resistance zone $10.7-10.8k. Seems like will retrace soon.