Short win trade.
Supply / contraction zone Identified waiting for price to return to that area after moving a ways so rapidly.
Price created a double top to seen more clearer on the 5 min time frame.
RSI showing divergence.
trade entered at the break of neckline.
Target - distance between the top and the neck line, is the target aimed for.
Price hit it's target , then i trailed price by moving the stop loss each time price drops for more profits.
good trade...
Supply / contraction zone Identified waiting for price to return to that area after moving a ways so rapidly.
Price created a double top to seen more clearer on the 5 min time frame.
RSI showing divergence.
trade entered at the break of neckline.
Target - distance between the top and the neck line, is the target aimed for.
Price hit it's target , then i trailed price by moving the stop loss each time price drops for more profits.
good trade...