Been watching this climb for a while. It has now dropped below 21 and 50 EMA. There is also a crossover of the two EMA into negative territory. Finally there are large wicks to the upside, which I interpret as every time buyers tried to go higher they were pushed back lower. Everything in this speaks to a short. But as always a stop is in place as we don't control the market only predict based on calculated observations. Happy trading.
Trade chiuso manualmente:
Trade closed manually at break even. so no loss. I decided to close this trade as it has been 6 trading days and still moving sideways. I did not want to hold into the long weekend and I am still invested in a few other trades. To be successful you must be flexible in trading. Each day you will need to analyze your position and if you still believe it will play out. This may still play out but for me I don't want to be married to it any longer ;-). Happy trading guys.