If you shorted 8.5k you should be looking to hedge your shorts near 7.1-7.3k region to stay on the safe side. If you were flat, its also a good micro RR/scalp if target was 8.7k and SL at 7k= 8/1 RR.
Why 7.1k-7.3k will hold:
- 1D tenkan
- 1D kijun
- 3D kijun
- 0.5 fib ret.
- Rsi reset
Note: If 7.1-7.3k region doesn't hold, 6.8k is the other side of liquidity, which would force continue the trend.
Note: Refer to this post for further serious insight:
Why 7.1k-7.3k will hold:
- 1D tenkan
- 1D kijun
- 3D kijun
- 0.5 fib ret.
- Rsi reset
Note: If 7.1-7.3k region doesn't hold, 6.8k is the other side of liquidity, which would force continue the trend.
Note: Refer to this post for further serious insight:
