I short below the 4H line earlier. Took profit, and re-entered.
1.Deep Blue Line = Prior BOL. A trade below this would be fantastic = New Swing Low Probably. 2. Lower Channel Line expected to bounce price, but would be sweet if it fails. 3. Immediate target is daily short level indicated on chart.
I have a sell stop on the daily chart, below this line. Lets's see what happens........ ;)
Comments
moorekapital
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KevinSinghDhaliwal
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Nice clean charts
moorekapital
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The Leg Up....????
moorekapital
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Look to how many times this level is being tested. Is it going to give in or hold firm n bounce price...???
moorekapital
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Seems a lower swing low forming. We broke out of that critical Blue line ;)
IvanLabrie
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I hope you're still in from the top.
moorekapital
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I got out on the blue line. Why? it was a potential support = Anything was possible
moorekapital
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I would re-asses and go in again. This market currently offers loads of sweet opportunities, and i don wanna miss any single move thereof.
IvanLabrie
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I like 75% tp in these situations.
Was the short invalid?
moorekapital
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No. Was just scared of possible bounce, like it happened in the leg down prior. And technically, i was seeing a Trading Range(TR) situation = 1 more leg up possibly.