Weekly Review
This week has seen several amazing trade opportunities. Going forward all trades and alerts will be announced on our Discord group under the community name “Barnett, LLC”. We are offering a 3 day free trial prior to full membership for those who wish to test out the service first.
On the Minute Chart we were able to see a great deal of support and resistance trading making Fib a key contributor to a lot of trades being successful. There was also a great deal of consistently trending moves which always helps to spot the end of a trade.
The Hourly chart still shows a bearish sentiment; however, price has been rallying to the upside enough that we should expect to see the pair back into a solid Bullish trend by the beginning of the upcoming week. As of time of writing price has just broken through both the 200 & 400 WMA signaling further bullish action.
Lastly, for the Daily chart we are seeing price rebound from it’s retracement of the 69000 high and seems to have found its bottom at 32933. If this holds and acts as a level of support then we could expect to see a push higher to around the 51000 level, if not then we should expect a significant move down to possibly even the 18000 level. I am optimistic that we will see further bullish momentum so now may be a good time to buy and hold.
