Price is at the top of a daily range and inside a daily supply zone. Zooming in on the 4H we can see range boundaries being respected and acting as support/resistance. Price briefly closed above the range high, but got violently rejected and is now trading back inside the range. This gives us an excellent, risk-defined short setup.
- short entry at around range high with invalidation (stop) at the high
- first target is 4H demand zone which is confluent with the range low and a major SR level
- short entry at around range high with invalidation (stop) at the high
- first target is 4H demand zone which is confluent with the range low and a major SR level
Nota
Above chart on the 4H timeframe. Price is clearly acting with the range boundariesDagangan ditutup secara manual
Closed my short at break even. Price has been consolidating for too long under resistance. Even though technically resistance is still holding as it should, I don't feel confident in my stop being safe so I closed it.
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.