false breakout, trading the continuation of the trendline
Updated
RSI divergence outside the trendline (light blue). I took the position at EMA 21 when it bounced from EMA 55. A hammer candle gives me extra confidence that it may return inside the earlier trendline.
Comment
Trade closed manually: Closed position. I don't hold over the weekend. Decent profitRelated publications
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.