Hi my fellow traders, another idea from me.
Reasons to go SHORT:
- Stochastic Overbought on different timeframes
- RSI bearish divergences
- possible H&S pattern on H4 timeframe (until price is lower than 14300)
In my opinion US100 will be bearish until the end of this week, tomorrow should be bearish start of the day and price should dump more during NY session. Good luck to everyone and remember always react accordingly to the market! :)
EP: ~14200
TP#1: 14000
TP#2: 13800
...
and maybe if everything will be on our side
TP#3: 13400 (mid-term)
Reasons to go SHORT:
- Stochastic Overbought on different timeframes
- RSI bearish divergences
- possible H&S pattern on H4 timeframe (until price is lower than 14300)
In my opinion US100 will be bearish until the end of this week, tomorrow should be bearish start of the day and price should dump more during NY session. Good luck to everyone and remember always react accordingly to the market! :)
EP: ~14200
TP#1: 14000
TP#2: 13800
...
and maybe if everything will be on our side
TP#3: 13400 (mid-term)
Comment:
TP1 hit!
Trade closed: target reached:
TP2 hit! Position closed, if you want you can play for 13400 price level but you need to find good entry to not be so risky. Great decision if u followed my idea! Congratulations :)