CIBR
Enjoyed uptrend from May 2020 thru about Jan. 2022
Price has now formed a Head and Shoulders pattern with a breakdown to confirm
Price has now pulled back to neckline and is rejecting 50ema
Yesterday’s gravestone doji at resistance is my que to enter.
Entering short trade
Entry: 48.49
Stop loss: 51.00
Target : 41.00 – RR ration 2.98
Enjoyed uptrend from May 2020 thru about Jan. 2022
Price has now formed a Head and Shoulders pattern with a breakdown to confirm
Price has now pulled back to neckline and is rejecting 50ema
Yesterday’s gravestone doji at resistance is my que to enter.
Entering short trade
Entry: 48.49
Stop loss: 51.00
Target : 41.00 – RR ration 2.98
Trade closed: target reached
Trade was closed on 2/24 due to sharp move downExit: 44.50 – +8.06%, 1.56 RR ratio
Trade active
reentering tradeEntry: 48.49
Stop loss: 51.00
Target : 41.00 – RR ration 2.98
Trade closed: stop reached
Stop loss: 51.00
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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.