This pattern appears to show a channel on the down trend. The prices have been consecutively making lower lows and higher highs. Which means that the general trend is downwards.
Strategy:
Short @ 384
SL @ 388.6
T @ 372.85
Strategy fails if the upper trendline is broken.
Strategy:
Short @ 384
SL @ 388.6
T @ 372.85
Strategy fails if the upper trendline is broken.
Trade closed: stop reached
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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.