Month: January 2026

The trade involves a short position initiated after the price closed below the Bollinger middle band, indicating a continuation of a strong intraday downtrend. Price movements reflect strong downside volatility, with the lower band suggesting bearish conditions. Entry points are identified after a minor pullback under the middle band, indicated by candle patterns rejecting higher prices. A stop loss is strategically placed above local resistance to mitigate risk. The trade anticipates a downward move towards the next support area while allowing for normal volatility. The objective is to hold the position until reaching support or observing a loss of bearish momentum.