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Permaculture
Jun 5, 2023 4:12 AM

BRN  Short

BRAINCHIP HOLDINGS LTDASX

Description

Entered short at h4 supply zone l'm looking for sellers to potentially return here target looking towards boxed area if price structure behaves .Caution ahead by remembering our bigger picture shorting late into an already well established direction that are in finishing stages.
DYOR.
Happy trading Perma

Trade closed: target reached

3/4 off 42c will monitor price behavior over coming day/s to gauge dynamics of supply and demanders. Sl brought forwards free trade to 48c. Using strict M/M rules if price rises more than your 50% of my overall move down my rule being manual close. Try letting runner run if they have potential to do so. give them a chance.

Trade closed: target reached

final 1/4 closed - target reached with opposing PA
Comments
OBHRO
Hi @Permaculture can you please share a new analysis on BRN?
Permaculture
switching direction soon, looking for bullish PA down around .17 region, unclear and waiting.
Permaculture
if there was anyone left shorting this stock caution ahead my analysis showing CT move to upside beginning. sellers exhausted! GLN as well.
Permaculture
Switching direction, watching price action down here for upside potential.
quicksiilv3r
Hey @Permaculture, whats your thought on going long with this?
Permaculture
@quicksiilv3r,
l'm looking at h4 and higher h1 m30 etc chart analysis so it chops and changes, bigger picture long still unclear its around a nice level though. another few weekly candles will help .
Permaculture
@Permaculture, sellers still want it lower
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