AXP Downward Pressure
Updated
Price currently at SMA 200 support, but SMAs are overall putting downward pressure. Ichimoku cloud also above and turning downward. Entering short at previous support (just above current price), with a stop at the wicks. Putting target near Fib retracement and previous support line. ~3x PL risk ratio.
Trade active
Trade closed manually
Conditions no longer support the trade. Bouncing around tightening MA, and losing confidence of downward movement.
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