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Edogawa89

$VEA Short Setup

Short
Vanguard FTSE Developed Markets ETF (AMEX:VEA)  
Edogawa89 Updated   
AMEX:VEA   Vanguard FTSE Developed Markets ETF
Support and Resistance Supply and Demand Moving Averages sma50 shortsetup shortsell downtrend Bearish Trend Line bearishtrend
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supportandresistance supplyanddemand movingaverage sma50 shortsetup shortsell downtrend bearishtrendline bearishtrend
Ref. price: 43.83

$VEA I see rejection at $44, today closed below the sma50 on 2.72x average volume.
Looks like a good spot to short with a max risk of 2atr (14) stop on close.
Comment:
Tested and rejected at the sma50 yesterday.
Comment:
GAP DOWN TO $42.44
Comment:
Another gap down to $41.75
Trade closed manually:
Took profit $42.55 , may test the sma50 again
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