Hello everyone,
this is my Close timeframe Short.
Right now we sit at 65.250$ but I expect price to go Lower. My target is around 61.5k$ for now.
If we are able to break lower "right now" I would expect to arrive at that price relatively quickly (in the next 24 to 56 hours), but I still see that there is potential to re-visit 66.500$ before this move can start. So act accordingly.
*Note that 66.500$ would be in my book great Short entry.
Good trading day to everyone
Joe
edit: the reason behind this trade is that Today's numbers for Core Retail Sales and Retail Sales came Colder than expected. It should been a sign of a slowing economy and that should have put pressure on markets in general.
Also, do not forget to use Stop Loss in case the trade does not play out as expected!
this is my Close timeframe Short.
Right now we sit at 65.250$ but I expect price to go Lower. My target is around 61.5k$ for now.
If we are able to break lower "right now" I would expect to arrive at that price relatively quickly (in the next 24 to 56 hours), but I still see that there is potential to re-visit 66.500$ before this move can start. So act accordingly.
*Note that 66.500$ would be in my book great Short entry.
Good trading day to everyone
Joe
edit: the reason behind this trade is that Today's numbers for Core Retail Sales and Retail Sales came Colder than expected. It should been a sign of a slowing economy and that should have put pressure on markets in general.
Also, do not forget to use Stop Loss in case the trade does not play out as expected!
