Hi Everyone,
In today's market update, I’m analyzing a potential short setup that I plan to take in the coming weeks.
While we are currently experiencing an upward rally, the broader macroeconomic environment remains uncertain. This leads me to believe that the current move is merely a relief rally, with further downside likely ahead.
I will begin building my short position once we enter the red zone between 90,654.73 - 94,366.47.
For invalidation, I am watching the 95,500 level—if the price breaks and holds above this level, I will exit the trade, as it would invalidate my setup.
Stay tuned for updates on my trading plan!
In today's market update, I’m analyzing a potential short setup that I plan to take in the coming weeks.
While we are currently experiencing an upward rally, the broader macroeconomic environment remains uncertain. This leads me to believe that the current move is merely a relief rally, with further downside likely ahead.
I will begin building my short position once we enter the red zone between 90,654.73 - 94,366.47.
For invalidation, I am watching the 95,500 level—if the price breaks and holds above this level, I will exit the trade, as it would invalidate my setup.
Stay tuned for updates on my trading plan!
Order cancelled
Hi all,I've decided to cancel this trade setup. The entry targets were never hit, and we're currently holding the 82K level as support. If price reverses back to the upside, I'll reevaluate the trade setup—but for now, it's cancelled.
I'll post another video market update tomorrow on what's next.
Make sure to follow me for that.
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.
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.