NEO Long
As we see price has been in a downtrending channel.
Yellow lines are support/resistance.
Purple trendlines are the same ^
The other lines are labeled.
Follow long indication for entry/exit/profit-levels.
Note: Since price has been bearish - we can just wait for a short setup at one of these points. (yellow lines)
Yellow lines are support/resistance.
Purple trendlines are the same ^
The other lines are labeled.
Follow long indication for entry/exit/profit-levels.
Note: Since price has been bearish - we can just wait for a short setup at one of these points. (yellow lines)
Note
Price is at our trendline - testing it's strength.Note
Price is inching towards the tight Stop LossNote
Price is back at entry. I will update this at a later time - for now just let the market do what it wants to do. Move your SL if you're wanting to keep your trade 'safe'.'Trade closed: target reached
I would consider this profit reached. Can close now or continue and hold - your trade.
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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.