Here is a simple supply/demand short, where we have an abundance of supply at current levels and sufficient reason to take a 2:1 R/R trade. Many factors of resistance above price, including short-term SMA's, trendlines, and S/R zones. If trade continues through TP, I will let it ride. Happy Trading!
Trade active
Short is active, market is currently sitting at entry point. Supply and Demand levels still apply. CheersNote
Nice resistance and drop, Moving stop to BE as we are sitting at 1:1 R/Rtradingview.com/chart/g4qzrgok/
Note
Trade closed manually
Exited at PSAR, small 3 pip gain
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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.