Short-term opportunity to go short. My point of interest is at 1857.41
The rally higher could be an opportunity to short.
Ideal targets are Asian low with annotations made in the chart.
My entry is at the Equilibrium range so I expect another rally higher after the fall to take out any early sellers chasing the move lower before a potential dump lower. Once a valid setup is present, scaling in accordingly could be expected.
The first dump is an opportunity to see the willingness of price to fall lower. The rally higher could be a retracement for more short entries after hitting stops.
Lets observe and see
The rally higher could be an opportunity to short.
Ideal targets are Asian low with annotations made in the chart.
My entry is at the Equilibrium range so I expect another rally higher after the fall to take out any early sellers chasing the move lower before a potential dump lower. Once a valid setup is present, scaling in accordingly could be expected.
The first dump is an opportunity to see the willingness of price to fall lower. The rally higher could be a retracement for more short entries after hitting stops.
Lets observe and see
Trade closed: target reached