As you can see the trade i put few days ago is wrong. price will not continue the trend, it didnt break the structure. price break the trend! THIS IS WHY WE NEED TO WAIT FOR BREAK OUT OTHERWISE WE ARE GAMBLING AND IS BETTER AT THE CASINO However. RSI is showing a really good divergence. So lets wait for the break of the structure to make a short! Now we have...
This is the kind of short that I like: the downtrend was defined by the breakdown of a important support level last week and now the market test this same level as resistance, forming a gravestone doji. I expect the price to resume the downtrend seeking the last bottom at 15.15 and even beyond that level. Change my mind if the price breaks the resistance level at 16.09.