I feel this market is set to continue it's downtrend as it approached significant resistance it began to turn down. This would be continuing to trade the trend and take the path of least resistance.
If the current candle closes red then I will be shorting the market with a stop 10 pips above the recent high.
My take profit will be towards the recent lows initially but I will continue to ride the market until it looks set for a significant pull back.
If the current candle closes red then I will be shorting the market with a stop 10 pips above the recent high.
My take profit will be towards the recent lows initially but I will continue to ride the market until it looks set for a significant pull back.
Note
Entered Short 110.90
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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.