Yesterday 1120 high was a good entry to short and we may have miss it. However, we believe that the market will let us enter again albeit at a less favourable price.
Remember, we wait for price to hit 20 dma as confirmation and only once it fail to close of 20 dma then the big size short is warranted.
Therefore, it pays to be patience and wait for all of the planets to align.
Remember, we wait for price to hit 20 dma as confirmation and only once it fail to close of 20 dma then the big size short is warranted.
Therefore, it pays to be patience and wait for all of the planets to align.