Shorts Below 1.0795
Updated
I think the price is going down. Price failed to sustain presence over our marked daily resistance zone at 1.0795.
Price targets: (Support Zones) 1.0642 & 1.0495 in extension.
Situation: Short at 1.0789
Stops on Entry: 1.0815.
Marked Daily Support Zones: 1.0714, 1.0642, 1.0578.
Marked Major Support: 1.0642ish
Recommendation: Take partials in target zones.
Bullish View: Price bounced out of a support zone at 1.0714.
Risk: A reversal with punishment.
Risk: Ranginess between 1.0829ish & 1.0754ish.
Trade Duration: Days not weeks.
Price targets: (Support Zones) 1.0642 & 1.0495 in extension.
Situation: Short at 1.0789
Stops on Entry: 1.0815.
Marked Daily Support Zones: 1.0714, 1.0642, 1.0578.
Marked Major Support: 1.0642ish
Recommendation: Take partials in target zones.
Bullish View: Price bounced out of a support zone at 1.0714.
Risk: A reversal with punishment.
Risk: Ranginess between 1.0829ish & 1.0754ish.
Trade Duration: Days not weeks.
Note
Correction:Marked Major Support: 1.0495ish.
Trade closed manually
Closed spot at 1.0806. Idea invalidated.Note
Awaiting opportunity to re-execute short.Order cancelled
The situation is over.Note
Result: LossP&L: -17
Trade closed: stop reached
(Just trying to officially close this idea. Some booN boosted it! lol!)
Trader since 2006. Investor since 2019. Chart Technician & Technical Strategist. Texas native. #HustleFirst #SupremeHustle #SupremeFinesse
@vizfact on Public.com
@vizfact on Public.com
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