These are some of my favorite low time frame short scalp opportunities.
Hanging in man/evening star up top for confirm then trend breakdown with retest for entry.
1st target is always 25ma and if it breaks below there you get a really nice quick drop to lock in profits.
Hanging in man/evening star up top for confirm then trend breakdown with retest for entry.
1st target is always 25ma and if it breaks below there you get a really nice quick drop to lock in profits.
I didn't trade it but I'm just sitting here having a drink and took a quick glance at the chart, figured I'd share some LTF thoughts
Wouldn't chase at 25sma, on LTFs you want to catch price on the way up to short and on the way down to long. This provides tight R:R opps on LTFs
Wouldn't chase at 25sma, on LTFs you want to catch price on the way up to short and on the way down to long. This provides tight R:R opps on LTFs
For anyone saying "don't short"
Keyword is "scalp"
Price rejected on the breakdown retest around $48200 and is now $47800 ish
That's plenty of room for a 1:4 R:R short scalp opportunity with potential for a breakdown of the 25ma to target 2
Further breakdown not guaranteed
Keyword is "scalp"
Price rejected on the breakdown retest around $48200 and is now $47800 ish
That's plenty of room for a 1:4 R:R short scalp opportunity with potential for a breakdown of the 25ma to target 2
Further breakdown not guaranteed
One of my friends caught entry on this set up. He just sent me a screenshot after seeing my post. 🔥
Again these are all intra-day/low time frame stuff.
Take it for what it is. Quick money making opportunities. No bias just reading what the chart shows at the current time.
Again these are all intra-day/low time frame stuff.
Take it for what it is. Quick money making opportunities. No bias just reading what the chart shows at the current time.
👍
Somewh down here usually where I'd close my scalp when momentum stalls.
Best of luck and good night
Somewh down here usually where I'd close my scalp when momentum stalls.
Best of luck and good night
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