Trading off early identification of downward channel. Enter short at top of channel, with 3% stop loss for some tolerance against light chop outside the channel. Target is 0.786 retracement which aligns at the bottom of the channel upon financial release.
Trade active
Entered short at top of channelTrade closed: stop reached
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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.