Asset and Time frame - AMD Weekly
Entry Price - 70.80
Exit(Stop Loss) -79.70
Exit(Take Profit) - 42.52
Technical Analysis - Price tried breaching the 70.80 resistance level with 3 Doji candles with no success and now seems like returning to a sideway range between 70.80 to 41.35,
also, the price is exactly on the 2 weeks moving average and can make a swift reversal to the downside because of it.
This is a short position, so only risking 0.75%
Entry Price - 70.80
Exit(Stop Loss) -79.70
Exit(Take Profit) - 42.52
Technical Analysis - Price tried breaching the 70.80 resistance level with 3 Doji candles with no success and now seems like returning to a sideway range between 70.80 to 41.35,
also, the price is exactly on the 2 weeks moving average and can make a swift reversal to the downside because of it.
This is a short position, so only risking 0.75%
Note
Note
The 2W chart
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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.