This is a 55 EMA + Trendline shorting setup that I am looking forward to in term of swing trading at 4H. I am thinking that the price will test the previous low one time more.
However due to possible RSI divergence at 1D, if it does not reach the TP but correct shallower I will set my SL at breakeven or close my short once the trendline is broken. Then looking for Long opportunity.
However due to possible RSI divergence at 1D, if it does not reach the TP but correct shallower I will set my SL at breakeven or close my short once the trendline is broken. Then looking for Long opportunity.