TRBUSD has posted a bearish divergence on 4h and daily. This time price has broken above range and deviated back inside the range for a clear short trigger with easy invalidation at the range high. Different to previous breakouts, this one hasn't been so large and makes for a clearer top.
Hoping this finally puts the nail in coffin of this ludicrous liquidation machine, but perhaps not.
Invalidation at marked range high. First target mid then lower range bands and hopefully looking for a break of that also.
Hoping this finally puts the nail in coffin of this ludicrous liquidation machine, but perhaps not.
Invalidation at marked range high. First target mid then lower range bands and hopefully looking for a break of that also.
Trade closed: target reached:
Both targets here have been reached. Looking ahead i would like to see a return to midrange then break down, or alternatively a clean break and retest of the underside of this range.