Shortsell
Short Selling on SNXSet up a short bot.
Aim: Increase bags 10% at a time, to bring down my Break even price.
expect trades to take 1 day -5 days to play out.
Some discretionary play depending on how price reacts to these SMAs.
Here are the settings:
3commas.io
Trigger is Minimum price 0.0003919.
As price consolidates there might be a few chances at short selling the same range.
NZDCHF Daily Support|200 MA|Declining Volume|Resistance ClusterEvening Traders,
Today’s Analysis – NZDCHF- currently trading above the 200 MA with the resistance cluster being the immediate target for a shot sell.
Points to consider,
- Macro trend bearish
- 200 MA & Range Midpoint confluence
- Resistance cluster target (short sell)
- Daily support retest
- Oscillators above 50
- Below average volume
NZDCHF’s macro trend is bearish with consecutive lower highs; any rallies are to be sold until a valid higher high is established.
The 200 MA is holding as support which is in technical confluence with the range midpoint. Confirming multiple daily candle closes above the 50 will increase the probability of testing the resistance cluster.
The Resistance cluster is a valid short area with defined risk. Daily support is the immediate target as this is the next trade location.
Oscillators are both above 50, maintaining a bullish bias in the immediate term. Trading to the resistance cluster will overextend both Stochastics and the RSI.
Bull volume nodes are declining/below average, an indication of demand not being present, an influx in bear volume is likely at resistance.
Overall, in my opinion, NZDCHF must hold the 200 MA as support to reach the immediate target; resistance cluster, for a short sell. Price action must be backed by volume which will help with the directional bias.
What are your thoughts?
Thank you for following my work,
And remember,
“Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
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Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
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Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
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Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
OAS - short sellplease show support by liking this.
I am not a financial advisor and i do not advise taking any of my trades that i post, because of the risk.
The analysis is purely for entertainment and idea what could happen with this stock.
if you have any questions feel free to ask.
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