D1 we don't have any divergence, I would have liked to see a higher high but we havn't got that at this stage.
H4 was pretty choppy giving 11 swings up and bearish divergence.
H1 we have bearish divergence, sharp move to the downside and a bearish flag could be forming.
M15 I'll be looking for bearish setup against the invalidation point. If price keep's pushing up breaking the invalidation point without giving a short setup, stay out of it.
H4 we might be looking at a larger impulse down so I'll take half off at 100fib, move to BE and hold 2nd half longer term.
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H4 was pretty choppy giving 11 swings up and bearish divergence.
H1 we have bearish divergence, sharp move to the downside and a bearish flag could be forming.
M15 I'll be looking for bearish setup against the invalidation point. If price keep's pushing up breaking the invalidation point without giving a short setup, stay out of it.
H4 we might be looking at a larger impulse down so I'll take half off at 100fib, move to BE and hold 2nd half longer term.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Commento:
2nd half of my short stopped out at BE.
OK I have adjusted the fib to the end of wave X and price has hit the 100fib so I closed half and moved to BE, 2nd half i will let run risk free longer term.