UJ / Simple Naked Trading
Simple.
We drew a trend line signifying that it is in a downtrend and it is making Lower lows and Lower highs.
Straight short from here if I'm being honest.
If it does go back up, I expect it to go to the dotted line. That is previous support that price broke and really hasn't retested.
1. We will wait for market to retest previous support so it can be a resistance before entering the trade.
2. If market opens and it falls wait for market to make a pull back to retest the doji which will then be previous support broken.
We drew a trend line signifying that it is in a downtrend and it is making Lower lows and Lower highs.
Straight short from here if I'm being honest.
If it does go back up, I expect it to go to the dotted line. That is previous support that price broke and really hasn't retested.
1. We will wait for market to retest previous support so it can be a resistance before entering the trade.
2. If market opens and it falls wait for market to make a pull back to retest the doji which will then be previous support broken.
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