After the very big long trade from the previous analysis, think a short scalp might be worth it here. Looks like a double top in the making now, also because it went up in a straight line, so a decent correction becomes more likely now as well. Only danger i see now is, that it becomes a triangle. If you see a slow drop staying above the triangle support, you can always get out again around break even. For a real double top, it should drop like the red line shows.
Previous analysis:
Previous analysis:
Note
Was worth the scalp, because the stop was just 20 pips away. Now it seems like it was a small shake out. As we know in crypto as a Bart move: break up and dump even faster. If it continues to drop like this, it is probably the temp high. So i might take it one again.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.