Short @ 12.1742; current SL @ 12.3430
My current position is modest. I wanted to be more conservative since we are going into the weekend.
1W: Last two completed bars failed at pushing higher. It is oversold. Bears could get rejected as well, however the current candle is almost complete.
4H: formed support. Retested R/S zone, which gave me an opportunity to enter short trade. I would like to see price move below 12.065.
I took profits on the original position and about 1/2 of the new short entry.
Currently, I'm still short @ 12.19432. I also have sell limit orders in place to add to my position if price pulls back.
Very nice trade. Possibly will reenter if pull back occurs.