SELL: Enter WHEN Closing Price goes below 1251
CBSL: 1318
r:R : 1:2
Rationale:
1. Potential Drop Base Drop - Trend Continuation.
2. Current Base acts as a supply zone.
Note
It seems like trend reversal and not continuation. If it stays green tomorrow as well, it has taken away all supply and we will cancel this trade.
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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.