We saw price rallying up after touching the 13000 mark I was waiting for. So now I'm patiently waiting for price to reach atleast 50% of my supply zone before I can consider selling, the same zone has the daily 50MA close by so I'm also expecting a touch there as well or it should atleast come close. All my TPs are set based on previous price movements.
Worst case scenario : Price might not even get there and start falling, if that happens then I'll look for chat patterns, candlestick patterns, anything that will confirm a sell. Also, if price goes beyond my supply zone with high bullish momentum and no rejections then I'm scratching the trade. Re-analyse
Disclaimer: This is just my analysis and not trading advice. Trading includes the risk of losing money so should you decide to take this analysis, I shall not be held accountable for any money lost in your trading account.
Worst case scenario : Price might not even get there and start falling, if that happens then I'll look for chat patterns, candlestick patterns, anything that will confirm a sell. Also, if price goes beyond my supply zone with high bullish momentum and no rejections then I'm scratching the trade. Re-analyse
Disclaimer: This is just my analysis and not trading advice. Trading includes the risk of losing money so should you decide to take this analysis, I shall not be held accountable for any money lost in your trading account.
Comment
Sells open @14370Trade active
Still holding positionsTrade closed: stop reached
SL Hit @ 14500 😞Disclaimer
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