Short pullback in downtrend + Resistance zone + Consolidation
Shorting a pullback in a downtrend and resistance zone.
Wait 2 - 3 days for sideways consolidation to strengthen area before entering for higher probability.
So about wednesday - thursday can be nice time to enter if price is still at this area.
Then a move is most likely to happen end of the week or beginning of the week after.
That's just my analysis, be free to interpret it how you see it and depending on how it unfolds this week, whether price consolidates here or not.
Fundamentals are pretty much a weakening economy, which adds some confluence to the trade.
Wait 2 - 3 days for sideways consolidation to strengthen area before entering for higher probability.
So about wednesday - thursday can be nice time to enter if price is still at this area.
Then a move is most likely to happen end of the week or beginning of the week after.
That's just my analysis, be free to interpret it how you see it and depending on how it unfolds this week, whether price consolidates here or not.
Fundamentals are pretty much a weakening economy, which adds some confluence to the trade.
Note
Price didn't consolidate at this area until wednesday. Therefore no short positions were opened. If price consolidates at the new area it is at until next monday, a short position can be possible.
Ordre annulé
Price didn't consolidate in this area until wednesday. Trade canceled.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.