Prices arrived at Daily Supply, lost momentum and formed a potential area for shorts.
Trade active:
Trade has just triggered, looking to take 2/3 of the position at around 7600, and trail the remaining 1/3
Trade closed manually:
Decided to close the trade prematurely as the approach of the trade wasn't optimal. Ideally, we would want an approach with a "forceful" arrival, one with a big bullish candle. The choppy approach on the H4 time frame tells me that there are potentially pockets of demand on lower time frames and getting short at the current level might be faced with resistance for prices to move lower