Short #JPM
Timeframe: Daily and Weekly
Entry: 106.50 - 109.00 to be confirmed by bearish candle and hike of volume.
Stop: 113.00
Target 1: 92.00
Target 2: 89.00
Big guys perspective:
Big guys played around the price to cause Price distribution ranged since Jan 2018 to Nov 2018 until the downside break out in Dec 2018 where they have collected quite a decent amount of liquidity, they shorted it and price shoot down and come up for a retouch now and they could have more sell trades to place at the mentioned entry zone.
Swim with the big fishes, short JPM.
Timeframe: Daily and Weekly
Entry: 106.50 - 109.00 to be confirmed by bearish candle and hike of volume.
Stop: 113.00
Target 1: 92.00
Target 2: 89.00
Big guys perspective:
Big guys played around the price to cause Price distribution ranged since Jan 2018 to Nov 2018 until the downside break out in Dec 2018 where they have collected quite a decent amount of liquidity, they shorted it and price shoot down and come up for a retouch now and they could have more sell trades to place at the mentioned entry zone.
Swim with the big fishes, short JPM.