Short

Last short positions about this price

Updated

Hi.
I think we are in bullish market as a long term but it is soon for coming back now. We should go smoothly, though big money can enter to the market. We will go a little lower (about 5700) than previous low (5850) because some long position must fail before a big move.
Our stop loss is about 1 percent above the blue channel for short position. So we can take short position about 6400-6500 and our stop loss is 6650.
Therefore our risk is 3 percent and our reward is 13 percent and our R/R will be 4.3 .
summary:
S.L: 6650 (risk 3 %)
Entrance region: 6400- 6500.
target: 5700 (reward 13%)
R/R: (4.3)

please like it, if you like it.

Note

It seems happen now :-).
but we can have a short position as soon as price rise a little.

Note

for a little certain trade I will set my S.L on 6700

Note

our S.L now is 6550.

Trade closed: stop reached

mahata

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