Short setup

Trade:
entry 7250-7350
sl 7575 or retest at 200EMA after S/R flip on the 4 hour
tp 7075, 6900, 6600

Legend:
Yellow line - 55EMA
Brown line - 200EMA

Do your own research, sharing this just for fun

Комментарий:

Forgot to add VPVR

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looks bad, if we print a 4h candle close above 55EMA, I'm going to get out at the lowest price i can manage

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retesting, if support holds I'm out

Сделка закрыта: достигнута стоп-лосс цена:

S/R flip confirmed, volume increased at retest and price went up. Could go long with tight stop, but want to get some distraction and going flat into the weekend:)

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I looked for conformation on a time frame which was way to low... I don't like juggling around with positions. But realized I made a mistake and reactivated the trade

Комментарий:

Volume on the 4h candle was way too weak, to confirm the support and it broke

Комментарий:

Looks like it is acting as resistance (for now)

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Сделка закрыта: достигнута стоп-лосс цена:

Broke out and is now at support around 7600. Conclusion, breakout could reach 8xxx

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Break out done. Not selling by btc yet, but took small short pos at 8300