Last week, the price closed below BB+1SD (Bollinger Band +1 Standard Deviation), which means the market may move down for a short term.
I was looking to short on a shorter time frame this week.
Yesterday (08.09.2015), Inside Bar was formed at BB+2SD (Bollinger Band +2 Standard Deviation) and created a false breakout at previous high.
Placed a spending order to short below low of IB (Inside Bar).
I was looking to short on a shorter time frame this week.
Yesterday (08.09.2015), Inside Bar was formed at BB+2SD (Bollinger Band +2 Standard Deviation) and created a false breakout at previous high.
Placed a spending order to short below low of IB (Inside Bar).