Waited for bearish engulfing candle: check!
Sunday I posted I was waiting for a bearish engulfing candle before considering a reversal short. Well, we have gotten that!
I will short if price moves below today's low. Stop is above the S&R level.
TP at 2R where I expect it to hit support at the 20 ema.
I will short if price moves below today's low. Stop is above the S&R level.
TP at 2R where I expect it to hit support at the 20 ema.
Order cancelled
Looks as if today's candle is strongly bullish. If it stays this way then I expect some more consolidation. I cancelled the short limit order
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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.