Short
Century Textiles Dipping Down
It is been observed on the hourly chart, that the price action is facing a selling pressure at 817-807 resistance levels, and now it shall further dip down to 50% Fibs retracement levels.
Target 1: 755
Target 2: 744
Stoploss: 801
Target 1: 755
Target 2: 744
Stoploss: 801
Trade active
Trade active
It went up with the market but still didn't hit the stoploss and now I believe it will form a Pin Bar bearish candlestick. Regards Trade closed: stop reached
I initiated without waiting for the hourly chart candle to close and assumed that it may continue its prior trend. Lesson: Never trade on assumption, wait for candle closing to figure of the direction of price action.
Regards
Related publications
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.
Related publications
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.