Can you provide more technical analysis on how you think this wil go short?
NawidD
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Or do you think it will short and bounce at 19.24
tomsabobiz
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@NawidD, Hey there, sorry for the tight trade setup, but I don't usually have time to comment in the flash because I'm managing the trade on my own terminal live as well. Anyway. IMO, I think there are lots of long orders from retail traders below 19 area, so I think there could be a divergence pattern evolving on higher timeframes indicating a squeeze of those longs. Big boys are hunting smaller players. And also there is a very significant area back in 2001 around 16.50 area that can attract big whales as well. If not, I'm not worried, I always trade with 1:3 RR.
NawidD
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@tomsabobiz, Thx for your reply. I understand your chart a bit more now. Interesting how this al develops.