Big chance for Big drop

As we see in the daily chart, price is forming a double top.

That means, we take a ride down that mountain and go short. And it will be a loooong ride all the way to the bottom.

Me personally, I like setups like this, we are in a channel, have a double top, and EMA 200 is about to break price. If you want to wait for a confirmation, I recommend use the EMA 200 as entry trigger.

As usual I will start with a small position and let it grow as the market tells me i am right.

تعليق:

Lets see if price tests the resistance again, or if it drops before.

تم فتح الصفقة:

A small short position is open now. Lets see if it will grow bigger with time

تعليق:

so, from 27 down to 23... NICE PROFITS!!!