XPTUSD has broken its bottom trendline with a 3 EMA crossing over the 10 EMA to the downside. At the same time we're getting the EMAs crossing over the Stochastic is heading down and crossing over the 50% mark giving three confluences to look for shorts
Ill be targeting a 1% move down underneath a support i have drawn out on the 4H chart
Trade active
Ive entered a short position targeting a 1% drop with a stop loss breaking above the the top trendline
Trade closed: stop reached
Stop loss hit over night with a breach of the top Trendline
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.