From left to right on the chart.
Price established support at 151 / 152 level and after it lost it, price dropped to a new low at 140 (also psychological)
From there we had a mini rally towards 150 forming an ascending wedge. Once the wedge broke,(great short trade) we saw price just collapsing and not only retesting the bottom of the wedge but making a new low at 133.
Fasting forward to current Price action and my personal game plan.
I was initially tracking a symmetrical triangle, where i almost for trapped at the top twice. With that triangle failing and a possible short term double top, i am watching to see if we can lose support for a nice R:R short position.
You can notice a trendline from the lows at 133s. I will be watching tomorrow 144.36 support, which is the trendline. If we break it to the downside, i might try a quick scalp towards 143.11 (risky) Previous resistance, will likely act as support, but below 143.11 good chances we test 140.
Price established support at 151 / 152 level and after it lost it, price dropped to a new low at 140 (also psychological)
From there we had a mini rally towards 150 forming an ascending wedge. Once the wedge broke,(great short trade) we saw price just collapsing and not only retesting the bottom of the wedge but making a new low at 133.
Fasting forward to current Price action and my personal game plan.
I was initially tracking a symmetrical triangle, where i almost for trapped at the top twice. With that triangle failing and a possible short term double top, i am watching to see if we can lose support for a nice R:R short position.
You can notice a trendline from the lows at 133s. I will be watching tomorrow 144.36 support, which is the trendline. If we break it to the downside, i might try a quick scalp towards 143.11 (risky) Previous resistance, will likely act as support, but below 143.11 good chances we test 140.
Dagangan ditutup: sasaran tercapai
GREAT TRADE !!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.