Volume spread analysis
Updated
Spotted a wide spread candle anomaly. took that as a area of interest. placing a short order going to the downside.
Trade active
price is now testing the area.Note
price rejected the area. stop loss is now at breakeven. we let it ride. Enjoy your weekendTrade closed manually
Closed 75% of my position. Took some profits and let the 25% ride or breakeven . Price didnt drop sharply after the rejection and instead made a sideways price action around the most traded parts of the range. Price could go up and liquidate the shorts or could go down heavily to liquidate the longs. Either way we made profit of that rejection and wait for a new set up.
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