XTIUSD Short Trade from 81.25
Basing this trade off of a trendline touch on the weekly timeframe and the weekly 100EMA being aligned. Coupled with the previous high made on XTI's downtrend, makes for solid confluences for an intraday short. I am not expecting crazy pips from the zone but will have a modest target as Friday is profit taking day for institutes. Stops at 43 pips and full tp at 150. Would prefer to see this occur later in the day around 3-4pm GMT.
Any criticism appreciated, and if you've spotted this trade too!
Happy trading.
Any criticism appreciated, and if you've spotted this trade too!
Happy trading.
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