Bearish price action this week
Updated
Based on last week's candle close. We should expect some shorting for the week. From an intraday viewpoint the blue lines when they get broken by body candles(not wicks), I will use them as resistance areas to take more shorts.
Extreme targets if one gets good entries and protects them will be by the pink line which is a daily level...or if it turns out to be a really aggressive dip then the orange line which is a weekly level.
This is a basic setup but can create some good opportunities. Any entry and exit strategy you use is perfectly fine. Indis or naked chart...the goal is just to grab the best trades.
Silent
Extreme targets if one gets good entries and protects them will be by the pink line which is a daily level...or if it turns out to be a really aggressive dip then the orange line which is a weekly level.
This is a basic setup but can create some good opportunities. Any entry and exit strategy you use is perfectly fine. Indis or naked chart...the goal is just to grab the best trades.
Silent
Note
Trade invalidated
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