We see a sideways tradingbox between 9.900-10.400 (blue). Now we nearly have reached the upper edge of the box. The RSI is signalizing an overbought shortterm Situation. This upper edge is a trading Level and the Level to watch! For scalpers, shorting the upper edge and buying the bottom edge makes sense. (In the Chart you see a possible anticyclical short Position)
Trading possibilities: Prices above the box will generate a TP at 10.650 --> Stop Buy @ 10.417 Prices below the box will generate a Target @ 9.400 --> Stopp Sell @ 9.875 Fixing the upper edge @ 10.380 will generate a shortterm target @ the box bottom @ 9.900
Comments
The_Cannalyst
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sl triggered..+ 169 Points!
The_Cannalyst
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TP1 reached + 233 points
The_Cannalyst
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SL adjustment +169 Points save
The_Cannalyst
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SL Adjustment. 156 Points save when getting stopped out!
The_Cannalyst
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SL adjustment
The_Cannalyst
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Next SL-Adjustment
The_Cannalyst
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Flag-Action!!!
The_Cannalyst
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if this yoing shortterm uptrend will break, i exspect a new low @ 10.120