ZN is in a downtrend in daily and 4hr chart. Macro match. Placed a short position in 1hr high volume SZ that coincides with 4hr 21 EMA (purple line). Hence, confluence SZ. Risk= $200. Target= 1:1 and 3:1.
Order cancelled
Canceled the trade before retail sales report release. But the trade worked out beautifully with a 6:1.
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