OUT OF RANGE - SCALP OPPORTUNITY
Hello,
I've taken a small short position at 6920 to hedge against my long from 6300.
My reasoning?
1. We are currently trading outside of the channel that we have been in for the past week
2. Each time a large green candle is formed it is typically followed by an equally long red candle downwards
(I've circled each instance)
My target?
~6700
I've taken a small short position at 6920 to hedge against my long from 6300.
My reasoning?
1. We are currently trading outside of the channel that we have been in for the past week
2. Each time a large green candle is formed it is typically followed by an equally long red candle downwards
(I've circled each instance)
My target?
~6700
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.