As we see in the daily chart, price is forming a double top.
That means, we take a ride down that mountain and go short. And it will be a loooong ride all the way to the bottom.
Me personally, I like setups like this, we are in a channel, have a double top, and EMA 200 is about to break price. If you want to wait for a confirmation, I recommend use the EMA 200 as entry trigger.
As usual I will start with a small position and let it grow as the market tells me i am right.
That means, we take a ride down that mountain and go short. And it will be a loooong ride all the way to the bottom.
Me personally, I like setups like this, we are in a channel, have a double top, and EMA 200 is about to break price. If you want to wait for a confirmation, I recommend use the EMA 200 as entry trigger.
As usual I will start with a small position and let it grow as the market tells me i am right.
Commento:
Lets see if price tests the resistance again, or if it drops before.
Trade attivo:
A small short position is open now. Lets see if it will grow bigger with time
Commento:
so, from 27 down to 23... NICE PROFITS!!!
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