#DIXON is forming a Bearish Channel and as of now its reacting form the channel resistance line + 200 EMA resistance on hourly chart.
I am Planning for a Short trade in 9500 PE
If I buy Now I need to risk 2k per lot as its trading a bit below supply zone
and I don't want to risk that much so Can wait and take entry on the test of supply zone
10330 zone should again push price down
This scenario is occurred few days back we need to replicate it.
a same bearish close a rejection bar around 10335 then we can take option.
No bearish bar no trade - TF 15 min
9500 PE @300 ZONE
STOP - 30 POINTS
TGT - 350/400+
I am Planning for a Short trade in 9500 PE
If I buy Now I need to risk 2k per lot as its trading a bit below supply zone
and I don't want to risk that much so Can wait and take entry on the test of supply zone
10330 zone should again push price down
This scenario is occurred few days back we need to replicate it.
a same bearish close a rejection bar around 10335 then we can take option.
No bearish bar no trade - TF 15 min
9500 PE @300 ZONE
STOP - 30 POINTS
TGT - 350/400+
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.