Place a pending Buy Limit order at $6, 969.17 | 13 April 2018

Technical Observation

Yesterday, my stop was taken out when the price went beyond last week's highest high $7,461.41. This is a clear bulls dominance indication and while the price is contained above the line $6,969.17, I expect the drop below this line to have been a false break below, and therefore, I'm now interested in long positions. However, instead of going long now, I choose to remain flat and wait for a pullback towards $6,969.17 where I'm expecting a buy position. You could place a pending buy order around $6,969.17 sl below $6,582.10 TP at $11, 352.30.

Trade Signal.

Place a pending Buy Limit order at $6, 969.17 SL below $6,582.10 TP at $11,352.30.

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.