Short Idea
Based on two quite consecutive attempts to raise price up that failed, we can start look for opportunities to short.
I see long tail down and price trying to break down anyway.
For me, this is strong price momentum to fall even futher.
Target based on further price action stop 45 pips above.
I see long tail down and price trying to break down anyway.
For me, this is strong price momentum to fall even futher.
Target based on further price action stop 45 pips above.
Trade closed: stop reached
Not now I guess :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.