THE TREND IS UP AS PER SHORT-TERM MODEL, HOLDING BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
The bottom line, although up 4 days in a row, but overall the rebound is weaker than the previous one, so the big picture still is down. Just in the short-term before seeing any obvious weakness I’m more willing to bet on the long side.
A short setup is triggered according to TradingMarkets which claimed to have 68% chances.
The short setup of the Cobra Impulse System wasn’t confirmed today and no longer valid and it’s time to set the stop loss to breakeven.
|MECHANICAL TRADING SIGNALS|
|DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)|