This trade is based on my cycle count and the overbought indicators. Earlier today we printed a swing on the daily chart. On the hourly chart we are just back testing the 50 MA and it seems a good place to try a short position:
I will not set a stop loss : if I feel the trade is going against us I will post a Trade closed manually message
My target is the 200 SMA at 2900.
Nota
Nota
In a blink of a moment the position is in profit. It's always hard to steal money from the bull in a bull market.
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