5561 Two shorting opportunities
Reason for short
1. Triangle is a continuation pattern and most likely it is going to fall.
2. Good risk reward zone, The SL is small
3.Signal candle is first 15min breakout or breakdown and it should be considered for entry for short or long.
4.Any big gap down or gap up invalidate the set up.
5.Most of the sectors in down trend.
1. Triangle is a continuation pattern and most likely it is going to fall.
2. Good risk reward zone, The SL is small
3.Signal candle is first 15min breakout or breakdown and it should be considered for entry for short or long.
4.Any big gap down or gap up invalidate the set up.
5.Most of the sectors in down trend.
Trade closed: target reached
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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.
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.