Today we have a Breakdown of the STMA band with a strong momentum.
The degree and nature of separation in both bands shows a bearish trend.
So, I plan a short trade with a stop loss of candle high and target of recent low.
Disclaimer: This is my pre market analysis and my trading journal.
Not a suggestion to buy or sell. This is only for educational purposes.
Thanks
The degree and nature of separation in both bands shows a bearish trend.
So, I plan a short trade with a stop loss of candle high and target of recent low.
Disclaimer: This is my pre market analysis and my trading journal.
Not a suggestion to buy or sell. This is only for educational purposes.
Thanks
Trade active:
No adjustment needed.
Trade closed: stop reached:
