Daily charts
- trend is up on daily charts
- outside bar formed
- indicates indecisiveness/ fight between bulls/ bears
- support 8570-8470 spot
5 min charts
- difficult but profitable day
- avoided temptation to go long thanks to first bar selloff on Friday bar.
- delayed short taken.
- the arrows show where I initiated/ covered shorts
- logic for short is the big down bar followed by a recovery which failed
- cover was near supports formed on 15-30 min charts
- support as described on higher time frame chart
Trade screenshot...
- trend is up on daily charts
- outside bar formed
- indicates indecisiveness/ fight between bulls/ bears
- support 8570-8470 spot
5 min charts
- difficult but profitable day
- avoided temptation to go long thanks to first bar selloff on Friday bar.
- delayed short taken.
- the arrows show where I initiated/ covered shorts
- logic for short is the big down bar followed by a recovery which failed
- cover was near supports formed on 15-30 min charts
- support as described on higher time frame chart
Trade screenshot...
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