Counter-Trend Trade on Small Time Frames
Updated
Anticipating small bounces in all markets during the first part of this week as some traders are hoping this was only a correction and others are taking profits from shorting last week's dump; however, I'm convinced we are looking at the beginning on the next recession so I have multiple shorts opened accross multiple markets and looking for counter-trend trades on smaller time frames like this one on XBTM20. The hourly close at 0800 above the minor trend line gives opportunity for a scalp up to $9375. If I get a TP hit at this level I will close and start looking for shorting opportunity for the impending blood bath.
Trade closed: target reached
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