Clear Rejection from 2528-2532 Area
Entry was made at 2521 once I received confirmation of 4 HR candle closure rejection from 2528 area. We are getting to the tighter portion of the rising wedge formation. I have set a max TP of 2500 but my SL will be trailing by 40 pips starting now. This is still a risky trade due to being taken against the trend but the rejection we just had at the 2528 level was too good to not take a sell. Key breakouts will most likely form tomorrow whether that be bearish or bullish. All in all we are still in a major bullish trend so I imagine swing traders will be placing buy orders every 100 pip pullback from bullish trend with large SL until we reach the psychological levels of 2540-2550. I on the other hand will stick to scalping/intraday trades. Stay safe fellow traders
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