he price has finally hit the daily resistance DR1 and that triggers my short trade idea from there.
I think the price will pullback here towards low timeframe support LTFS1.
Therefore LTFS1 is the target of this short trade. Lets see where it goes from here. Let me know what you think in the comments.
I think the price will pullback here towards low timeframe support LTFS1.
Therefore LTFS1 is the target of this short trade. Lets see where it goes from here. Let me know what you think in the comments.
Note
The price went into the DR1 zone again and pulled back from there. The price is heading towards LTFS1 but there is LTFS0 where I will book some profit and add to the position again on the bounce from there.Note
We freed some size at LTFS0 and now I have added to the short position from DR1 again. And the target remains LTFS1. And I think from there we can look for a long opportunity. Let me know what you think in the comments.
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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.