Appears to be forming Bear Flag, 16 days without topping previous day's high. Short position opened, SL slightly above previous days high to provided buffer.
Comment:
SL is also just above a resistance line. Recently breaking the bottom of bear flag, see where the 4hr close is. Possibility to watch and move SL to breakeven and increase the TP.
Comment:
Was looking 'okay', as of now has broken upwards back into the 'flag' and is at entry price. Hoping it can fall further.
Comment:
Potentially closing this trade out earlier than the SL. Looked at RSI and broken the top of the line, if goes over 49 then closing out.
Comment:
Annnndddddddd US CPI MoM has boned this.....
Trade closed: stop reached:
SL reached, pray 4 meh pls