Short pullback in downtrend + Resistance zone + Consolidation
Shorting a pullback in a downtrend and resistance zone.
Wait 2 - 3 days for sideways consolidation to strengthen area before entering for higher probability.
So about wednesday - thursday can be nice time to enter if price is still at this area.
Then a move is most likely to happen end of the week or beginning of the week after.
That's just my analysis, be free to interpret it how you see it and depending on how it unfolds this week, whether price consolidates here or not.
Fundamentals are pretty much a weakening economy, which adds some confluence to the trade.
Wait 2 - 3 days for sideways consolidation to strengthen area before entering for higher probability.
So about wednesday - thursday can be nice time to enter if price is still at this area.
Then a move is most likely to happen end of the week or beginning of the week after.
That's just my analysis, be free to interpret it how you see it and depending on how it unfolds this week, whether price consolidates here or not.
Fundamentals are pretty much a weakening economy, which adds some confluence to the trade.
Order cancelled:
Price didn't consolidate in this area until wednesday. Trade canceled.
If price consolidates at the new area it is at until next monday, a short position can be possible.