Currently short.
4-hr, 1-hr bearish divergence. Lower high on the 15 min timeframe, sideways out of a rising wedge. Wicks in both directions (liquidation / stop hunt).
Target range is wide, from 6400 for a small retracement down to 5.8k for deeper retrace.
4-hr, 1-hr bearish divergence. Lower high on the 15 min timeframe, sideways out of a rising wedge. Wicks in both directions (liquidation / stop hunt).
Target range is wide, from 6400 for a small retracement down to 5.8k for deeper retrace.
Comment:
Failure to make a new significant low, i may close this short soon. Stoploss inside break even ensures no loss from the trade
Trade closed: stop reached:
Trade closed, stopped at break even. Risk management is key for saving you $$$$
Trade active:
Re-opened trade at 6695 on exit of the wedge, with bear divergence (again second time).
Stops now at break even.
Stops now at break even.
Comment:
Risky to short from 6350 now, risky to buy (go long). Going flat. Waiting
