Another short explanation.
Bearish divergence forming on the 15m and a double top from the 6th June. Currently in a strong supply zone and i expect to be rejected from this area.
Set a tight stop loss as Funding is very negative and could trigger a short squeeze above the supply zone.
Bearish divergence forming on the 15m and a double top from the 6th June. Currently in a strong supply zone and i expect to be rejected from this area.
Set a tight stop loss as Funding is very negative and could trigger a short squeeze above the supply zone.
Comment:
Another bearish indication is the head and shoulders forming on the RSI
Trade closed: target reached:
Tagged 1.61 and closed short