FOMC Party is over folks!
End of the relief rally after FOMC. Lots of shorts squeeze for the big expiry today. We should see a sharp pullback now.
We hit multiple resistances on Russel 2000 on multiple hourly, daily and weekly chart. Current price : 2050, Target is back to 1900. SL 2110
Disclaimer : I have short positions in Russel 2000 as mentioned here. This is not an investment advice but an educational idea.
We hit multiple resistances on Russel 2000 on multiple hourly, daily and weekly chart. Current price : 2050, Target is back to 1900. SL 2110
Disclaimer : I have short positions in Russel 2000 as mentioned here. This is not an investment advice but an educational idea.
Trade active:
Not sure what'll be the catalyst, but there should be a drop from here in the coming weeks. The trade remains active until we close above 2110$
Trade active:
We didn't see a weekly close above 2110$ and are deep in money right now.
Target 1 - 1940$ (close 50% of my position)
Target 2 - 1900$ (close 30% of my position)
20% of the remaining position will be runners with stop loss at 2 times the daily ATR.
Trade idea will be closed with the hit of target 2
Target 1 - 1940$ (close 50% of my position)
Target 2 - 1900$ (close 30% of my position)
20% of the remaining position will be runners with stop loss at 2 times the daily ATR.
Trade idea will be closed with the hit of target 2
Trade closed: target reached:
Target reached. I have opened a new small short trade until 1838$ with SL at 2x ATR