i tried to long based on this idea but was stopped first time around
after seeing the Bullish diversion (green on current chart) we longed once again from 8700 & still holding!
now I am looking to enter another swing short this time for the final time, we are approaching the apex of the triangle & break on either side is imminent, this will be a hedge to current ongoing long position from 8700
as I mentioned on Telegram while giving signal this one is risky, we are looking at possibility that price will follow the way we want, Bounce from 9300 print a bearish div at 9820 & then dump down, in market nothing is 100% certain it is all probability, we can just easily breakout on the upward from this triangle but it is worth the risk!!
so I will be using 1% balance for now Once we confirm the diversion or rejection from triangle resistance I will add more to my position.
after seeing the Bullish diversion (green on current chart) we longed once again from 8700 & still holding!
now I am looking to enter another swing short this time for the final time, we are approaching the apex of the triangle & break on either side is imminent, this will be a hedge to current ongoing long position from 8700
as I mentioned on Telegram while giving signal this one is risky, we are looking at possibility that price will follow the way we want, Bounce from 9300 print a bearish div at 9820 & then dump down, in market nothing is 100% certain it is all probability, we can just easily breakout on the upward from this triangle but it is worth the risk!!
so I will be using 1% balance for now Once we confirm the diversion or rejection from triangle resistance I will add more to my position.
Comment:
This my fellow traders is what we call a FAKEOUT, fake pump & dump BART
still had good rejection, will start moving stops as I think we can go bit higher