This is a really really hard decision to make. But it really does look like a short opp in play.
I mean, there is a hard rejection of making higher highs, that only means we are going to correct. Actually if you track back the price, you will see a bearish FVG that is being respected on the daily TF.
Its just means that bears shorted this area before with size and they are really defending it this time.
If you are going to take this trade, dont be aggressive with size as we might actually turn bullish in seconds and the whole setup fails.
Hopefully it goes through as planned ;D
I mean, there is a hard rejection of making higher highs, that only means we are going to correct. Actually if you track back the price, you will see a bearish FVG that is being respected on the daily TF.
Its just means that bears shorted this area before with size and they are really defending it this time.
If you are going to take this trade, dont be aggressive with size as we might actually turn bullish in seconds and the whole setup fails.
Hopefully it goes through as planned ;D
Trade active
Trade closed: stop reached
dang, that was quick. Yep, Powell has to cut rates soon enough. This move just confirmed the sentiment.
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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.