Week 08: ZSH2021 Wait for a break to Sell
Patience is one of the key traits in trading.
Last week we did not see much action, the price is ranging in a tight movement 20.4 points for a whole week.
This week we are still waiting for a confirmation to short the market:
(1) Price level at $1,390 is being respected and currently creating a "fake out" line.
(2) My reversal zone remains at $1,400 (for now)
(3) The sign of going down will be confirmed when $1,370 is broken.
Overall, my view remain bearish with the following trade plan:
Sell Pending Order at $1,400
Stop Loss at $1,410
Take Profit at $1,322
RRR = 7.8R
I will monitor on daily basis too, shoot me a question if you need any clarifications or exchange ideas.
Last week we did not see much action, the price is ranging in a tight movement 20.4 points for a whole week.
This week we are still waiting for a confirmation to short the market:
(1) Price level at $1,390 is being respected and currently creating a "fake out" line.
(2) My reversal zone remains at $1,400 (for now)
(3) The sign of going down will be confirmed when $1,370 is broken.
Overall, my view remain bearish with the following trade plan:
Sell Pending Order at $1,400
Stop Loss at $1,410
Take Profit at $1,322
RRR = 7.8R
I will monitor on daily basis too, shoot me a question if you need any clarifications or exchange ideas.
Trade active:
Pending Order is triggered.
