I entered short right when price hit yearly pivot S1 (and weekly main pivot - confluence!). Stop above yearly pivot S1. Tight. Chaikin AD volume line is in a fine long term bearish downtrend on daily and weekly. Because of that, I dont think the trend will change. What a profitable week we had! Have a nice weekend guys!
PS Always watch for action at yearly and monthly pivot levels. Price respects them a lot.
PS Always watch for action at yearly and monthly pivot levels. Price respects them a lot.
Trade closed: target reached:
Banging in 40 pips. RR had been covered a few times