Price stalled after few weeks of continuous drop. The daily down momentum line broke, but we saw a huge long contracts closing (not renewing) in the COT-NonCommenricals report. The D-SZ is where it all happened.
If price manages to break the current short term down momentum line, we can get a long entry on a pull back.
The momentum line can also be used a short entry point with SL above previous high.
Trade with care.
Zack
If price manages to break the current short term down momentum line, we can get a long entry on a pull back.
The momentum line can also be used a short entry point with SL above previous high.
Trade with care.
Zack
Note
short trade still runningNote
380+ pips on short and still runningNote
Closed half short, half at BE
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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.