$WIF ....... The WIF is in good buying range at the price 0.9.......
What could happen?
Usually before the release of CPI data Leverage trader close their long position which result in the fall of WIF from 1 to 0.9....
Now market is going to rest at this place for while and it could move up 1h or 2h before the release of CPI data as large buyers will enter early with tight stoplosses before the release of CPI data..
What we as a retail investors should do?
1. We have two options wait for CPI to release and then enter a long position ( Secure Entry )
2. We enter 2 hour or 1 hour before CPI data at the current price as whales usually push the market up early and we will be unable to enter the market if prices goes up suddenly. ( Risky Entry )
I would recommend make 25% entry at the current price of 0.9 in Spot. This would be better and if CPI data comes out to be less than 0.2 then will enter remaining after release of CPI data
.................. Good Luck...............
