Appears to be forming Bear Flag, 16 days without topping previous day's high. Short position opened, SL slightly above previous days high to provided buffer.
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SL is also just above a resistance line. Recently breaking the bottom of bear flag, see where the 4hr close is. Possibility to watch and move SL to breakeven and increase the TP.
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Was looking 'okay', as of now has broken upwards back into the 'flag' and is at entry price. Hoping it can fall further.
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Potentially closing this trade out earlier than the SL. Looked at RSI and broken the top of the line, if goes over 49 then closing out.
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Annnndddddddd US CPI MoM has boned this.....
Trade geschlossen: Stop wurde erreicht:
SL reached, pray 4 meh pls