A pretty simple short trade has come up in my opinion, this breakout from the marked blue consolidation zone has got us above 75 RSI points on the 15m and 1h chart, and as you can see we are far extended above the 15m Kumo Cloud (which consistently acts as a price action magnet)
Looking for at least a 1% drop down from USD 9050
Looking for at least a 1% drop down from USD 9050
Note
Hit first target, but if 50% Fib level doesn't hold then further downside expected so will keep short open for now.Trade closed manually
Support broken, closing short to take profit
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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.