Holding the short
Price action has moved sideways, and how shown support at 0.29 and rejection of the 0.31 levels. This can typically happen following strong price action, as on the 01-02 of August. The MACD is looking good and is showing signs of the bullish momentum fading. In my opinion this is still a valid set-up
Note
TP hit 11th Aug on the 9pm candle. Good trade
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Related publications
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.