Price broke 192.36 support making lower low signaling a bearish shift of trend.
Im targeting at least a 50% retracement from ceiling price of 193.6 and floor price of 188.
50% retracement price is 190.74.
This is a simple 1R idea.
Im targeting at least a 50% retracement from ceiling price of 193.6 and floor price of 188.
50% retracement price is 190.74.
This is a simple 1R idea.
Trade active:
Added 2nd entry
Adjusted TP to 190.2
Adjusted TP to 190.2
Comment:
190.2 is
1. 0.62 Fib
2. Weekly Demand Zone/Weekly Order Block
3. 4H Demand Zone/4hour Order Block
4. previous week high, targeting this would fill the imbalance of unfilled institutional orders.
The link below is a successful idea which is my framework for this short.
1. 0.62 Fib
2. Weekly Demand Zone/Weekly Order Block
3. 4H Demand Zone/4hour Order Block
4. previous week high, targeting this would fill the imbalance of unfilled institutional orders.
The link below is a successful idea which is my framework for this short.
Trade closed manually:
3r
See link below for in-depth analysis