Price moved below my support (now resistance) zone. I opened a short trade after a retest & hold.
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.
1M:
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:
pinbar 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.
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.
1M:
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:
pinbar 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.
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