I've had my eye on the looney for a while now after my initial short attempt failed.
Connecting the September and October highs provides me with a level to work with in November - price is at this level right now. I am interested to see how the market will react to this level. If today's candle closes as a sell signal like a pin bar or the likes, we could see price take a drop from this resistance level.
I'll be flipping to the 4 hourly time frame to see if I can get a low risk entry IF all conditions are met. The lower highs would be the driving factor behind my thoughts in looking for a short opportunity.
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Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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