seems like a risky area to short as its been selling off pretty well this month but with a daily close under 10.5 and the importance of that level on the weekly timeframe I expect price to move lower before a bounce from the 9.5 area most likely. tight stop loss and going to take profits on this aggressively if it moves in my direction.
Comment:
tp1 hit, stop moved to entry!
Trade closed: stop reached:
closing rest b/e here
1st target hit, nice scalp!
1st target hit, nice scalp!
Comment:
also something to note, the weekly candle has no wick on the top so price should go to 10.87 at a minimum on a bounce at some point. likely to be now (CMP-10.43$)