$37,000 s/r flip into resistance over the weekend ($32,555 aoi)
Good morning, I've stopped trading weekends and started to just sit back and watch how price action unfolds going into the following week.
My bias has not changed (bearish) as long as we're trading below $40,000 I've got no reason to switch my bias (this would be emotional trading) and i've created this plan and will stay solvent until the markets show signs of my plan starting to play out.
Congrats to those who traded my head & shoulders call yesterday (bearish scalp) I took another scalp long but didn't have have time to post TA here on tradingview.
The weekends have almost 2x less than the usual liquidity which allows the market makers to paint a narrative based on false moves (setting the other side of the trade up for failure)
I'm waiting until Sunday before making a decision for the following week (expecting usual weekend price action ~ irrational) to continue like usual.
My target is $32,555 (if $35,000 fails to hold on the 2nd support test)
My bias has not changed (bearish) as long as we're trading below $40,000 I've got no reason to switch my bias (this would be emotional trading) and i've created this plan and will stay solvent until the markets show signs of my plan starting to play out.
Congrats to those who traded my head & shoulders call yesterday (bearish scalp) I took another scalp long but didn't have have time to post TA here on tradingview.
The weekends have almost 2x less than the usual liquidity which allows the market makers to paint a narrative based on false moves (setting the other side of the trade up for failure)
I'm waiting until Sunday before making a decision for the following week (expecting usual weekend price action ~ irrational) to continue like usual.
My target is $32,555 (if $35,000 fails to hold on the 2nd support test)
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I won't be giving todays PA any type of concern/attention, will post attachments to this post today around daily close and tomorrow for the weekly close.
I won't be giving todays PA any type of concern/attention, will post attachments to this post today around daily close and tomorrow for the weekly close.
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its only a matter of time
its only a matter of time
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100 day moving average is nicely flowing with the market conditions
100 day moving average is nicely flowing with the market conditions
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right on schedule going into sunday...
right on schedule going into sunday...
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