Previous week close has given a hanging man candle, can be a good short candidate in near term if shows weakness, R:R is very good on short as price is near multi month resistance
Trade active
50 point fall from day high, opened gap up at resistance and then just 1 way
Trade active
original Short trade hit trailing SL(still closed in profit), direction change to long on breakout, trailing tight
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.