Short At Prevalent Daily Support Turned Resistance.

Keeping it simple. The resistance area marked on the chart was tested as support back in March and held strong with 4 days of bullish movement. Mid May we broke through this level to the downside, turning this level into a potential resistance then retested it from the downside. It holds and moves all the way down to the marked support level.

Since then, we've come up and retested this role reversal level. Anticipating another rejection and a potential move towards the lows created in late July and early Sept. A break above the recent rejection candles would negate my bearish bias.

Komentarz:

Short @ 0.98160 with a tight stop at 0.9837.

Zlecenie aktywne:

Added on a position at 0.98051 and have already set to breakeven to neutralize risk.