This short setup is based on unconvetional trading strategy using the long and short covering.
In particular, after a "trick" formation the market rallied and reached "max fake" level (25% extension above the "trick"), after showing some weaknes (lower high) the market should fall down (scenario 1), or form a fake breakout above the previous high and then fall down (scenario 2).
This trading idea is based on a methodology used within SMB Capital Forex and Futures Training Program.
For more information see smbtraining.com
or
watch my youtube channel: youtube.com/watch?v=m1sg5frdVlU
In particular, after a "trick" formation the market rallied and reached "max fake" level (25% extension above the "trick"), after showing some weaknes (lower high) the market should fall down (scenario 1), or form a fake breakout above the previous high and then fall down (scenario 2).
This trading idea is based on a methodology used within SMB Capital Forex and Futures Training Program.
For more information see smbtraining.com
or
watch my youtube channel: youtube.com/watch?v=m1sg5frdVlU
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.
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.