The chart shows 2 scenarios where a position can be taken to maximise gains. Scenario 1 is a short term long opportunity and Scenario 2 is a short -mid term short opportunity.
Also the support green line and resistance red line are shown to anticipate the fall or rise to help enter the trade. For now, still NOT A BUY. Staying Short for now.
If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it for a week, PM me.
Happy trading.
Also the support green line and resistance red line are shown to anticipate the fall or rise to help enter the trade. For now, still NOT A BUY. Staying Short for now.
If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it for a week, PM me.
Happy trading.
Trade active:
Scenario 1 worked perfectly well. Price touched the cloud resistance and started falling below the trend line. Fantastic Short trade so far.
Trade closed: target reached:
Closed short at 1288 zone
Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts