We've seen an engulfing bearish candle for the last daily close, RSI looking high and MACD divergence, convergence are crossing as well as squeeze dying off. Already in a down trend so trading with the trend, we've set a conservative take profit but will trail stop if the market chooses so, could be a long one this trade as it's intraday.
R:R = 2.5
Risk allocation: 0.5%
GL
R:R = 2.5
Risk allocation: 0.5%
GL
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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.