For a long time smart money has been waiting to take out the 17000 liquidity zone. Went in, and was rejected by a long body wick on the 1H time frame. Today it reached new highs at 17050. There is nothing neither technically, or fundamentally that should keep the index going up. Earnings season is over. Germany farmers are protesting. Inflation is high. Geopolitical tention continues to go up evey day. Entered short term with SL 50 pips above the shadow of the wick and short term take profit. RR 1:10
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In the trade and running nicely. Putting SL on the high created during the Asian session 17065. RR 1:8
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Moving SL to a bit below opening price 17026. RR -1:8
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Very close to TP
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TP hit