The weekly trend is bearish bias (continued). The MACDH form 7th bar above zero. Weekly ending at 1630.5. Looking at the trend (MACDH), market made a lower low.

MA9 crossed down MA16 on the first trading day of 2021 (4th Jan 2021). We had place 2 Short entries at the open price of 5th Jan 2021 at  1609, CutLoss at 1630 and Profit target 1580. Within a few days, the hit as long as 1572. We didn’t take our profit on the day but instead we have set a trailing stop on 1600. However, the trailing stop was hit on 8th January 2021. It knocked us out from this Short position within the same week. The order is done with 18 points profit. The result page will be updated.

Order status: Short Jan21 at 1609, Took Profit 1600. Bagged in 18 points profit.