Price has been rejecting the weekly open on lower timeframes, which is a clear signal for me to consider shorting. Of course, context always comes before any analysis.
The moving averages have crossed, indicating a potential move lower. I've taken a position based on this, with my invalidation level set: if the price reclaims the weekly open and holds it as support, I’ll exit.
The market rarely offers a perfect entry, so I’ve entered with half my risk. Once my bias is confirmed, I’ll look to scale in fully.
For more updates, follow along
The moving averages have crossed, indicating a potential move lower. I've taken a position based on this, with my invalidation level set: if the price reclaims the weekly open and holds it as support, I’ll exit.
The market rarely offers a perfect entry, so I’ve entered with half my risk. Once my bias is confirmed, I’ll look to scale in fully.
For more updates, follow along
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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.