imo the downtrend channel is still being respected and the price has failed to break out previously. following my earlier short last week the price is again around the channel upper trend line . Time to short this baby again. Risking little again in the possible chance of it breaking out. Targets set, stop loss in place. Lets see this play-out.
As always I welcome all forms of criticism and feedback.. much appreciated.
@Supap, honestly, trading is very simple, people make it complicated. I don't use any of these fancy indicators just simple chart markings, support and resistance. Thanks for the feedback hope it benefited you! -TK
@VTGStudent, yes it benefited me a lot thank you waouh cool just by marking support and resistance I spend my time waiting for indicator to confirme my position I have to change this thanks again have a lovely week end
@ZyCho, Thanks, you too. Also, at the end of the day I don't mind if this trade doesn't go too plan, as long as my risk management is strict and I'm disciplined with it.. its on to the next trade for me :)