On Tuesday (SEP 12th) NY market opening, Price has reached up to the down trendline resistance which is 34740 on Daily timeframe, also on a 4H horizontal resistance. It could be the classical Tuesday high of the week and therefore could run short. To entry for minimal risk and price confirmation, its better to wait price to break the key support line on 34580 approx. and wait for pullback and enter. If the price can't break through, price can bounce back to an up trend. Please be careful for the news at 08:30 which can bring a high volatility.
Trade closed: stop reached:
The idea has been hit SL. :(( But still if price breaks 34600. It will go as planned short.
Trade closed: target reached:
I know it has stopped out. But after the resistance broke 34600 , I re-entered again and price just smashed my TP. If you know where the price will go or drawn to, you will confidently look for entries to your aiming point.