Looking like we have another push down, currently it is in a pullback of the micro trend. However, it appears exhausted and the 14/50 ema squeeze is looking like its ready to return to its macro trend, which is a down trend. Thinking if price breaks it will break a lot. only risk with this that I see is it might break the trendline down to the 200 ema and bounce off of it. That happens more than I like, but pending would get triggered, and I'll watch to see if we break or bounce from the 200 ema. Worst case is breakeven or a very small loss. Its all about preserving your capital!
Trade closed: stop reached
Trade was triggered then pulled back. Kept the loss small. Moving on. :)
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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.