FID
Testing Volume Profile trade.
Short trade, expect to bounce off previous high volume node (around 8.33) and fall through the low volume profile region.
Next support (take profit level) close to the high node volumes around 6.68.
Stop loss set above previous ATH level to allow plenty of room.
ADX is trending down, bullish volumes starting to break even with bears.
LT term trend is still bullish with short term showing crossing to bullish - goes against my short position thesis... let's see how it unfolds..
Testing Volume Profile trade.
Short trade, expect to bounce off previous high volume node (around 8.33) and fall through the low volume profile region.
Next support (take profit level) close to the high node volumes around 6.68.
Stop loss set above previous ATH level to allow plenty of room.
ADX is trending down, bullish volumes starting to break even with bears.
LT term trend is still bullish with short term showing crossing to bullish - goes against my short position thesis... let's see how it unfolds..