ADA swing short on previous S/R ?
ADA showed weakness over the past weeks, and FOMC could trigger a rebound into the EMA50 H4 / previous support area 0,81 - 0,82
The plan is to short 50% of the total position at 0,815 + 50% at 0,855 (next support/resistance, but with much less confluence, as FOMC could trigger impulsive moves)
TPs are:
- next support 0,74
- and then, the beauty of the virgin 0,74 -> 0,38 area should do its magic
Invalidation is a reclaim of the EMA 200 H4 (around 0,93 area)
Cheers
The plan is to short 50% of the total position at 0,815 + 50% at 0,855 (next support/resistance, but with much less confluence, as FOMC could trigger impulsive moves)
TPs are:
- next support 0,74
- and then, the beauty of the virgin 0,74 -> 0,38 area should do its magic
Invalidation is a reclaim of the EMA 200 H4 (around 0,93 area)
Cheers
Komentarz:
All tp were hit on this one, forgot to update