Disliked17 Jan No Bias down move The price has broken out of the range last week and is going down to retest the area which it broke out from. On Friday, it broke down the white line and held below and is in a down move. Since the price broke out from the range to the upside, I am not sure if its going to go up after retesting the Friday low or the breakout area(1385 area) or if its going to go down since its in down move. The MA has turned to the down side. I will take entries only as per the rules and stick to the short side as long as the move is down....Ignored
Placed a PO at the MA which is also around the high of yesterday. If the price close above the MA I will close for a small loss and will look for a short around the 1482 area.