Reasons to SHORT
Really want to see some sort of retracement as drawn before entering short position, as price has been producing strong bullish impulse rally past days, without a retest it can be a riskier trade
1. 1h Level of resistance
2. Price on 4h Daily has been making LH LL structurally
3. we are on a potential reversal of swing high
4. 0.382 retracement on daily Fibonacci retracement
5. 4h 50EMA dynamic resistance
6. 20EMA bearish crossover
7. Last 4h swing high 0.618 retracement
Confirmation candle
N/a yet
Really want to see some sort of retracement as drawn before entering short position, as price has been producing strong bullish impulse rally past days, without a retest it can be a riskier trade
1. 1h Level of resistance
2. Price on 4h Daily has been making LH LL structurally
3. we are on a potential reversal of swing high
4. 0.382 retracement on daily Fibonacci retracement
5. 4h 50EMA dynamic resistance
6. 20EMA bearish crossover
7. Last 4h swing high 0.618 retracement
Confirmation candle
N/a yet
Trade active:
Entered Short position @ 2%
Hold nothing sacred in search of truth