i will be going short on this candle
reasons are obvious... we have a daily resistance zone
double top formation and supply formation
i expect price to spike up before going down if it does that then we can say we have a change of trend
but right now we are still bullish in a long run and price might break the resistance but not before giving us a retracement
my TP 1 is the retracement zone
stay active incase this setup is invalid
reasons are obvious... we have a daily resistance zone
double top formation and supply formation
i expect price to spike up before going down if it does that then we can say we have a change of trend
but right now we are still bullish in a long run and price might break the resistance but not before giving us a retracement
my TP 1 is the retracement zone
stay active incase this setup is invalid
Order cancelled:
invalidated...we wait for another entry