The downtrend is strong and in place, we have seen a normal correction.
Price is stuck between 50&61.8% retracement of the 2nd wave down, the option here is to short below 143.55.
A very tight stop is required because if price trade above 144.15, a bullish run is possible.
Having said that, the dominant force is the downtrend.
SHORT:143.55
STOP: 143.95
TARGET 1:139.90
TARGET2:138.25
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To achieve consistent results; as a Trader your Job is:
You must have a well defined Rule-based methodology/strategy that works Minimum of 5 out of 10 times.
Practice and understand your strategy.
Analysis followed by Confirmation and lastly and the most crucial; Execution (Optimum Entry, Exit, Tp and SL).
Keep it this simple and you will not Fail.
Trade active
Nice close below 143.55 15Min
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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.