Purely psychologically driven, it will be clear which direction this will take next. beware of traps and wait for confirmation before trading a direction
Kommentar:
Potential trap examples
Kommentar:
Kommentar:
its a top for now
Trade ist aktiv:
looking shortside. tight stop loss in case of sharp reversall
Kommentar:
First target at 0.5, second at 0.45
Kommentar:
A zoomed in chart on the 5 minute shows the details of the breakdown. Looks very clean with short term action on the downside
Kommentar:
Kommentar:
For those curious on the outcome, this ended up being a bear trap, as we fell out of the wedge, strong buying pressure came in forcing it back into the wedge, now it is looking to pop upwards. 0.80 awaits in the short term
Kommentar:
