MCL Short 11/14/2024- Already in the trade
Updated
MCL is in a downtrend in 4hr chart. It is deeply inside daily DZ (blue box). Took a short position is confluence SZ (zone that coincides with 4hr 21 EMA- purple line). Took half risk because zone was already tested. Risk= $120. Target= 1:1 (Already got) and 3:1. Also, I'm trailing my stop aggressively because chances of trend reversal in HTF demand zone.
Trade closed: target reached
Got 1:1 and little over 1:1. Price hit my trail stop.
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