Bearish Revesal
Price makes a very nice bearish pattern after touching on trendline (3rd time) However, it breaks up and makes a rising channel indicating bearish continuation. Coming now, we can see that price breaks down ascending channel and heading to downside as projected. We can sell here and hold using 90% target. Scale in can be done on high probability corrections
Trade active
Note
Break even is set
Momentum is kicking in
Note
Scale in
Waiting for break down MA
Trade closed manually
Closed with 3.2% Because of bullish formulation
Note
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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.