Hi guys,
this is a live trade example. As you can all see on the daily chart, price is up to retest a key structure level that held three times in the past. For this reason i was very cautious going short (the more a structure is tested the weaker it becomes) but right now we have an additional signal in the form of a second retest of a previous high with an engulfing kicker at the end of it. This is one good way to approach the market in situation like these. I'm selling at market, stops and targets as shown.
If you have ideas/thoughts, feel free to share.
Otherwise, see you in the next chart!
this is a live trade example. As you can all see on the daily chart, price is up to retest a key structure level that held three times in the past. For this reason i was very cautious going short (the more a structure is tested the weaker it becomes) but right now we have an additional signal in the form of a second retest of a previous high with an engulfing kicker at the end of it. This is one good way to approach the market in situation like these. I'm selling at market, stops and targets as shown.
If you have ideas/thoughts, feel free to share.
Otherwise, see you in the next chart!
Trade active