Easy quick short.
Entry 1820
SL 1838
Target 1730-1708 range
It retested downwards trendline. It retested breakdown level from the secondary broken trendline. It built a bear divergence in both RSI and MACD in several TF's.
Probably heading down back to the next trendline.
Entry 1820
SL 1838
Target 1730-1708 range
It retested downwards trendline. It retested breakdown level from the secondary broken trendline. It built a bear divergence in both RSI and MACD in several TF's.
Probably heading down back to the next trendline.
Note
I had missed this potential head and shoulders about to get confirmed (we need to break neckline to confirm) that points take profit just to the trendline.
Note
Head and shoulders completed.
Targeting the trendline.
Note
As i have to go i placed a partial (33%) stop in this trendline. that way if everything goes against my position while i'm out, i will not loose anything. A "free trade".
Trade closed: target reached
Easy trade.
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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.