Price action is kept the 30,50, and the 100 EMA
200EMA has been a strong support for 5 + days
but with every touch it becomes weaker .
We are at the top of a decending channel and i dont see LONGS being the best play here
2 options too short
Either short the Red box marked on the chart with a sl above the prev high or wait for the
Swing failure pattern.
Obviously there is no guarentee that we have a SFP but that is what i would like to see .
There is alot of resistance above us and i dont see us pushing up so easy from here.
I think it will take something special to do this as we have the 30, 50, 100 EMA above us
and the POC and we are at the top of the channel .
Have a clear invalidation whatever you decide and stick to your trading plan
Pls Like and Follow if you like my work ...Thankyou
200EMA has been a strong support for 5 + days
but with every touch it becomes weaker .
We are at the top of a decending channel and i dont see LONGS being the best play here
2 options too short
Either short the Red box marked on the chart with a sl above the prev high or wait for the
Swing failure pattern.
Obviously there is no guarentee that we have a SFP but that is what i would like to see .
There is alot of resistance above us and i dont see us pushing up so easy from here.
I think it will take something special to do this as we have the 30, 50, 100 EMA above us
and the POC and we are at the top of the channel .
Have a clear invalidation whatever you decide and stick to your trading plan
Pls Like and Follow if you like my work ...Thankyou
取消訂單
no sfp and big volume ..no trade taken
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。