Possible short on EJ.
It has retested the zone a couple times and has broken and retested the current zone.
While it has broken past the current 15 min support, it has failed to stay below it.
If price breaks above the current resistance, and stays above, I will be looking for an exit and Re-evaluate. Ultimately, if it breaks above the zone, it is a definite exit of this trade
There was a Hs on the 15 min that formed right off of the zone, which I used for my confirmation but price just broke above that shoulder. Proceeding cautiously.
It has retested the zone a couple times and has broken and retested the current zone.
While it has broken past the current 15 min support, it has failed to stay below it.
If price breaks above the current resistance, and stays above, I will be looking for an exit and Re-evaluate. Ultimately, if it breaks above the zone, it is a definite exit of this trade
There was a Hs on the 15 min that formed right off of the zone, which I used for my confirmation but price just broke above that shoulder. Proceeding cautiously.
Trade closed: stop reached
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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.