after a strong upmove price went in consolidation phase testing support multiple times and testing resistance twice. Weekly closing is at lowest level and weekly candle is a piercing reversal pattern. Reversal here means a short term pause not a trend reversal.
Not
But you see shorting has never been easy, especially against the major trend. You will have to keep patience or short at key levels Key levels are - Fibbonaci number, anchored vwap or any reversal candle on higher time frame when bounce comes.
Not
There will be two case which will arise if price has to breakdown
1) a bounce and then fall 2) a gap down
in case of bounce -- it will be easy to hit short as sl will be near.
18712 level is going to be good level to short
Not
In case of gap down if it opens near level 2 -- a bounce will be used to short for target level 1 in case opens at level 1--- It will be a good buying zone.
Not
anchored vwap is going to act as big hurdle if 18750 swing and achored vwap both breaks market may close at higher level today
so far no trade got activated
Not
short triggered with day high sl
Not
No trading zone - todays low and 18720 Trend is negative but breakdown is not coming so we tend to trade Intraday the moment we will see breakout or breakdown we will see a strong move
Not
Not
18700 again imp support and morning high resistance
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.