Price got rejected at triple confluence area (monthly pivot R2, 76.4% retrace from AllTimeHigh to August low 2015 and trend channel), I will now use scale-in entry to build up short, start with 1/5 regular position size @17500 and will add 1/5 every 200pt if price goes higher. Minimum target 100DMA and later 16000, SL 18037
Also keep watching for RSI divergence combined with reversal candle in daily chart , if that becomes true, will short much much more :)
Also keep watching for RSI divergence combined with reversal candle in daily chart , if that becomes true, will short much much more :)
Comment:
+1/5 @17600 now 2/5
Comment:
+1/5 @17720
Trade closed: stop reached
Comment:
get ready to short again ;)