The market has run hard and well, and trading against the trend is never a good idea... and here we are putting up a short trade idea on the J40. It seem that the recent upward sloping channel has been broken and we have a decent 1:2 risk-reward short trade to support on the cards. Stop just above the highs, take profit at previous resistance (now support).
Trade active
Moving stop loss to break even. Don't let a green trade turn red.Trade closed: stop reached
Closed at break even as per stop loss update.
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herenya.co.za/hca-trading/
herenya.co.za/hca-trading/
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.
Most ideas posted here are generated within our client community. Open your account and join our team to get the inside track on our trade ideas.
herenya.co.za/hca-trading/
herenya.co.za/hca-trading/
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.