US30 - WEEK 12, 2023. (UPDATE 2)
Soo, my last two shorting attempts failed.. (refer to my previous post) but my third attempt has been successful, risk to reward is everything.
We had a beautiful rejection of the dynamic resistance, slandered resistance, 61.8 fib, and the order block. Four confluences making up a solid and highly probable zone for a trend continuation to the downside and for us to look for the shorts I have been anticipating..
Looking to hold this until we reach dynamic support I've drawn from March 2020 and October 2022 as displayed on this chart.
I will also look to scale into this play to maximise my return on this move to the downside.
(I will show where I'm looking to scale in on my next post.)
Thank you and happy trading.
We had a beautiful rejection of the dynamic resistance, slandered resistance, 61.8 fib, and the order block. Four confluences making up a solid and highly probable zone for a trend continuation to the downside and for us to look for the shorts I have been anticipating..
Looking to hold this until we reach dynamic support I've drawn from March 2020 and October 2022 as displayed on this chart.
I will also look to scale into this play to maximise my return on this move to the downside.
(I will show where I'm looking to scale in on my next post.)
Thank you and happy trading.
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