Week 08: ZSH2021 Wait for a break to Sell

Patience is one of the key traits in trading.
Last week we did not see much action, the price is ranging in a tight movement 20.4 points for a whole week.

This week we are still waiting for a confirmation to short the market:
(1) Price level at $1,390 is being respected and currently creating a "fake out" line.
(2) My reversal zone remains at $1,400 (for now)
(3) The sign of going down will be confirmed when $1,370 is broken.

Overall, my view remain bearish with the following trade plan:
Sell Pending Order at $1,400
Stop Loss at $1,410
Take Profit at $1,322
RRR = 7.8R

I will monitor on daily basis too, shoot me a question if you need any clarifications or exchange ideas.

Trade active: Pending Order is triggered.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.