The short side has a nice setup from current levels to target the 47.99 level to the downside.
Note
We have taken this short trade.Trade closed: target reached
Price action took a bit longer than expected to move lower to our target level, which has now been hit to close our trade for a nice profit. This trade is a good example to be prepared to allow the trade to develop and be patient when you you have a strong conviction for your trade.
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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.
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.