MYM1! Bearish Price Action for 12/13
Diupdate
This week has been nothing short of spectacular. I’ve always enjoyed bearish weeks, likely because I developed my strategy during similar conditions. Price action has been remarkably consistent throughout the week, and I anticipate a strong buy around 7:00 AM CST, targeting the 44,105 area before retracing into an overall bearish trend for the day post market open.
I plan to place and hold my sell position once price buys to the 44,105 area at market open. If price action doesn’t reach my "End of Day" target at 43,702, I expect it will gradually sell down to the Sellside Liquidity zone around 43,821 before market close. With no high-impact news scheduled, I feel more confident holding this trade throughout the day rather than concept surfing.
Lets finish out the week strong guys!
I plan to place and hold my sell position once price buys to the 44,105 area at market open. If price action doesn’t reach my "End of Day" target at 43,702, I expect it will gradually sell down to the Sellside Liquidity zone around 43,821 before market close. With no high-impact news scheduled, I feel more confident holding this trade throughout the day rather than concept surfing.
Lets finish out the week strong guys!
Trading ditutup: target tercapai
As expected, the low volume caused us to only reach the Sellside liquidity at 43,702. This was a lovely trade for around 235 ticks!
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